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Obama’s $17 Billion "Cut" in Pictures

Posted By Conn Carroll On May 8, 2009 @ 10:49 am In Ongoing Priorities | Comments Disabled

President Barack Obama recently released [1] a list of 121 proposed program terminations and reductions, that he claims would save taxpayers $17 billion. Obama has described these program terminations as spending “cuts”. This is simply not true. Every dollar that Obama “cuts” he has immediately turned into new spending elsewhere in the budget. [2] At least his request last month for a total of $100 million in cuts from this year’s budget were real spending cuts (all be it pitifully small ones). [3] So this is what Obama’s fiscal responsibility record really looks like:

obamaspendingcuts2


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

URL to article: http://blog.heritage.org/2009/05/08/obama%e2%80%99s-17-billion-cut-in-pictures/

URLs in this post:

[1] recently released: http://www.washingtonpost.com/wp-dyn/content/article/2009/05/06/AR2009050603454.html

[2] Every dollar that Obama “cuts” he has immediately turned into new spending elsewhere in the budget.: http://www.foundry.org/2009/05/07/president%E2%80%99s-budget-%E2%80%9Ccuts%E2%80%9D-should-go-towards-deficit-reduction-rather-than-new-spending/

[3] At least his request last month for a total of $100 million in cuts from this year’s budget were real spending cuts (all be it pitifully small ones).: http://www.foundry.org/2009/04/20/obamas-spending-vs-obamas-spending-cuts-in-pictures/

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