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Not Even Krugman is Buying Obama's "Spending Cut"

Posted By Conn Carroll On April 21, 2009 @ 11:50 am In Ongoing Priorities | Comments Disabled

New York Times Columnist Paul Krugman reacts [1] to President Barack Obama’s $100 million spending cut:

“pretty soon, even here in Washington, it adds up to real money,” says the president [2].

Except, you know, really it doesn’t. Let’s say the administration finds $100 million in efficiencies every working day for the rest of the Obama administration’s first term. That’s still around $80 billion, or around 2% of one year’s federal spending.

OK, politics is theater. But you could argue that the president shouldn’t feed the bogus claim that we can close fiscal gaps by eliminating a bit of waste.


Article printed from The Foundry: Conservative Policy News from The Heritage Foundation: http://blog.heritage.org

URL to article: http://blog.heritage.org/2009/04/21/not-even-krugman-is-buying-obamas-spending-cut/

URLs in this post:

[1] reacts: http://krugman.blogs.nytimes.com/2009/04/20/100-million-here-100-million-there/

[2] says the president: http://news.yahoo.com/s/ap/obama;_ylt=AhbG_e3szqhy0mDavX83xSes0NUE;_ylu=X3oDMTI2cWxkc2oyBGFzc2V0A2FwLzIwMDkwNDIwL29iYW1hBGNwb3MDMgRwb3MDNgRzZWMDeW5fdG9wX3N0b3J5BHNsawNvYmFtYXNlZWtzMTA-

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