In his first year, President Barack Hussein Obama has spent more money than all previous chief executives combined. (Much of it borrowed from China.) His dissembling continues as he makes speech after speech (including his State of the Union address), pretending now to be a fiscal hawk.
Obama is touting his bold plan to “cut” $20 billion from the 2011 Federal budget (which includes more than $1.5 trillion in deficit spending). True, $20 billion is a lot of money. But when you realize that the entire Federal budget is $3.8 trillion, it doesn’t sound like so much.
Do the math:
Q. $20,000,000,000 is what percentage of $3,800,000,000,000?
In other words, Obama is proposing to “cut” less than one-half of one percent of Federal spending. To put this in perspective, it’s as if an American family with the median household income of $45,000 decided to not spend a whopping $225 – next year.
Now that’s tough fiscal leadership, isn’t it?
Here’s a great video illustrating the absurdity of Obama’s smoke-and-mirrors budget freeze:
What do you think? How can we ever get Federal spending under control again?