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Official: Obama plans to slash deficit in half (SHOULD THIS BE UNDER POLITICAL HUMOR?)
aol ^ | Today | LIZ SIDOTI

Posted on 02/22/2009 12:00:13 PM PST by jessduntno

Official: Obama plans to slash deficit in half

President Barack Obama has committed hundreds of billions of dollars to help revive the economy and is working on a plan to cut the federal deficit in half by the end of his first term.

Obama will touch on his efforts to restore fiscal discipline at a White House fiscal policy summit on Monday and in an address to Congress on Tuesday. On Thursday he plans to send at least a summary of his first budget request to Capitol Hill. The bottom line, said an administration official Saturday, is to halve the federal deficit to $533 billion by the time his first term ends in 2013.

"We can't generate sustained growth without getting our deficits under control," Obama said in his weekly radio and Internet address that seemed to preview his intentions. He said his budget will be "sober in its assessments, honest in its accounting, and lays out in detail my strategy for investing in what we need, cutting what we don't, and restoring fiscal discipline." Republicans were not convinced. They said Obama's plan would hurt small businesses, including many filing taxes as individuals and possibly facing higher taxes under his plan. "I don't think raising taxes is a great idea," Senate Republican leader Mitch McConnell of Kentucky told CNN's "State of the Union" on Sunday. "And when our good friends on the other side of the aisle say raising the taxes on the wealthy, what they're really talking about is small business."

(Excerpt) Read more at news.aol.com ...


TOPICS: Political Humor/Cartoons; Politics/Elections
KEYWORDS: hopeychangey; humor; politicalhumor
0HHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH...PLEASE MAKE THEM STOP...
1 posted on 02/22/2009 12:00:13 PM PST by jessduntno
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To: jessduntno

Well, he had to double it before he could slash it in half.

And, no, Liz Sidotti lacks all sense of humor.


2 posted on 02/22/2009 12:02:32 PM PST by Cicero (Marcus Tullius)
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To: jessduntno

He can do it, you know, just by printing more money.


3 posted on 02/22/2009 12:03:45 PM PST by StonyMan451
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To: jessduntno

Yes, definitely political humor.


4 posted on 02/22/2009 12:04:49 PM PST by wastedyears (April 21st, 2009 - International Iron Maiden Day)
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To: jessduntno
He heaps wealth and riches on those who helped him get "elected" and now he comes to us to bail HIS ass out!

"Say you want a revolution..."

5 posted on 02/22/2009 12:06:09 PM PST by FlingWingFlyer (The media lied, America died !)
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To: jessduntno

This is so nutty I’m having visions of woody allen’s banana republic wherein the fearless leader announces that everyone will change their underwear every 10 minutes and they’ll have to wear it on the outside so we can check.

That part cannot be more than 3 months away right now.


6 posted on 02/22/2009 12:06:22 PM PST by festus (Politics makes for strange bedfellows)
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To: jessduntno

This is just Alinsky-type propaganda to pave the way for raising taxes and government gaining that much more control of our lives.

If he succeeds in getting his ideas put into action, he will make the Peanut Era look like Utopia.


7 posted on 02/22/2009 12:08:02 PM PST by WildcatClan (Iam fimus mos ledo ventus apparatus)
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To: jessduntno
..cut the federal deficit in half by the end of his first term...

Yeah, sure. Right after he walks across the Potomac

8 posted on 02/22/2009 12:08:32 PM PST by tbpiper (Coward, huh? Get your Marxist butt down here and say it to my face, Holder.)
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To: jessduntno
Military - gone
NASA - gone
Border enforcement - gone
Elections - gone

what else?

9 posted on 02/22/2009 12:08:52 PM PST by NonValueAdded (May God save America from its government; this is no time for Obamateurs)
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To: AbeLincoln

By taxing the every-livin’ day-lights out of anyone with $$$, OR by seizing investments and safe-deposit box contents in the name of crises? Just askin’.


10 posted on 02/22/2009 12:10:48 PM PST by madison10
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To: festus

Obummer must have droped his pants and started blowing smoke agan.


11 posted on 02/22/2009 12:11:57 PM PST by jocko12
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To: jessduntno

Of course the point being that it sounds good. The MSM will naturally laud the effort and eventually claim that it “is working.” Facts will be ignored as usual.


12 posted on 02/22/2009 12:13:41 PM PST by Oldpuppymax (AGENDA OF THE LEFT EXPOSED)
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To: jocko12

“Obummer must have droped his pants and started blowing smoke agan.”

Smoke? Don’t recognize the name, but the face is familiar...


13 posted on 02/22/2009 12:14:13 PM PST by jessduntno (Play it: http://www.cnbc.com/id/15840232?video=1039849853&play=1)
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To: NonValueAdded

Military - gone
NASA - gone
Border enforcement - gone
Elections - gone
what else?

YOUR 401K


14 posted on 02/22/2009 12:14:33 PM PST by hiho hiho
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To: jessduntno
WORK HARDER

67 MILLION OBAMA VOTERS ARE COUNTING ON YOU TO PAY THEIR BILLS

15 posted on 02/22/2009 12:16:01 PM PST by Iron Munro (Suppose you were an idiot. And suppose you were a member of Congress. But I repeat myself.)
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To: hiho hiho

Yep, good one. And your IRA too, absorbed into the SocSec nightmare but counted as income, not a liability. Socialized Health Care and the “right” to die will take care of that actuarial time bomb. Budget green is people!


16 posted on 02/22/2009 12:18:52 PM PST by NonValueAdded (May God save America from its government; this is no time for Obamateurs)
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To: jessduntno

Clinton 1993, pass stimulus then taxes


17 posted on 02/22/2009 12:19:51 PM PST by sickoflibs (Keynesian Economics : "If you won't spend your money WE WILL!")
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To: jessduntno
The Heritage Foundation says to achieve this the highest tax rate would have to be about 95%

Ain't gonna happen, without a war anyway

18 posted on 02/22/2009 12:26:22 PM PST by Las Vegas Ron (Obama says we should listen to our enemies, but not to Rush)
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To: jessduntno
"Official: Obama plans to slash deficit in half (SHOULD THIS BE UNDER POLITICAL HUMOR?)"

Yes because its gonna be damn funny when Obama touts a budget cut and tax hikes and then throws Congress under the bus when they refuse to do such!

19 posted on 02/22/2009 12:28:10 PM PST by Mad Dawgg ("`Eddies,' said Ford, `in the space-time continuum.' `Ah,' nodded Arthur, `is he? Is he?'")
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To: jessduntno

is working on a plan to cut the federal deficit in half by the end of his first term.

He just added a trillion dollars to our childrens debt. The deficit is what the government spends over what it said itwould in a given period of time. Read additional debt. So all he is saying is he is going to add less debt to our children in 4 years then planned Not much benefit with his trillion dollars he just did add.


20 posted on 02/22/2009 12:33:02 PM PST by SECURE AMERICA (Coming to You From the Front Lines of Occupied America)
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To: jessduntno

Sure, first he’ll quintuple it, then ‘slash’ it in half, leaving it 2.5 times as big as under Bush.


21 posted on 02/22/2009 12:43:45 PM PST by The_Reader_David (And when they behead your own people in the wars which are to come, then you will know. . .)
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To: jessduntno
Watch closely cause here's where his lies come in. He'll write this on a piece of paper and say “Look...I TOLD you I would cut the deficit in half...Suckers!”

DE

FICIT

22 posted on 02/22/2009 12:48:30 PM PST by 444Flyer (Don't beLIEve Obama..................Repent Nimrod!...............)
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To: jessduntno

no wonder Jimmy Carter is smiling, he will not be the worst anymore...


23 posted on 02/22/2009 12:51:10 PM PST by hadaclueonce (< Patching a tire ....)
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To: Iron Munro
Hey Hey

Ho Ho

One man, one vote

Has got to go

We can survive wars, hurricanes, tornados, pestilence, famine,....

....but....the US cannot survive welfare deadbeats who have the vote.

24 posted on 02/22/2009 12:53:15 PM PST by B.O. Plenty (Give war a chance...)
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To: jessduntno
Where did most of the Clintons' reductions come from? Defense.

To wit, Clinton's for Smaller Defense, not Smaller Government

"The only part of government really reduced under Clinton has been the civilian work force. Yet even here, to be more accurate, it's not government in general that has gotten smaller, but rather Defense that has been cut, thereby masking Clinton's overall bigger-government appetite.

"* From 1993 through 1999 (estimates), Defense discretionary spending has fallen from $292.4 billion to $265.1 billion -- a 9.3 percent decrease.

"* The Defense accounts absorbed 67 percent (222,800) of the 331,000 FTE reductions in federal civilian employment over the same time period."

So where's Obama going to get the money to reduce the deficit? Taxes on "the rich" and big reductions in defense.

"The President shall be Commander in Chief of the Army and Navy of the United States, and of the Militia of the several States, when called into the actual Service of the United States"

The Constitution is not a suicide pact. Americans are not recruited to be martyrs. (Maybe recruits from those mysterious extra seven or eight states in Obama's America crave martyrdom?)

If in addition to higher taxes on "the rich" President Obama slashes the defense budget to get the savings then screw the President.

Our military have and are developing weapons and have manpower needs that they deem necessary to destroy our enemies now and to be prepared for any future enemy. That is their job.

During the campaign Obama made clear his intention to deny our military. That is treason in this era of war as far as the eye can see.

25 posted on 02/22/2009 12:54:37 PM PST by WilliamofCarmichael (If modern America's Man on Horseback is out there, Get on the damn horse already!)
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To: jessduntno

Sure he’ll cut the deficit in half. He’ll need to install cooling towers at the mint to keep the printing presses from melting, but it’s just a matter of engineering.


26 posted on 02/22/2009 12:55:57 PM PST by poindexter
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To: Harrius Magnus; mojitojoe; Pelham; mom2twinsn2; LongLiveTheRepublic; ConservativeOrBust; ...
The Peter Schiff/Redistribution Watch Ping. (Washington Bankrupting our Nation by Spending your past, present and future money!)

This means....TAXES! I would guess lots of hidden taxes so he can claim net CUTs in middles class taxes. The other point to note: His massive spending of trillions in bailouts and stimulus are OFF BUDGET! So he doesnt include that in total of the 50%

27 posted on 02/22/2009 1:07:46 PM PST by sickoflibs (Keynesian Economics : "If you won't spend your money WE WILL!")
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To: jessduntno

The Shill Left Wing Media continues its lies.

The next story is about an “undocumented immigrant” not an illegal.

Goebbels would be proud of the current MSM.


28 posted on 02/22/2009 1:09:43 PM PST by wac3rd (In the end, we all are Conservative, some just need their lives jolted to realize that fact.)
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To: AbeLincoln

Or he cooks the books.


29 posted on 02/22/2009 1:10:50 PM PST by Let's Roll (Stop paying ACORN to destroy America! Cut off their government funding!)
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To: jessduntno

Congress controls the budget so how is Obama going to do this?


30 posted on 02/22/2009 1:13:37 PM PST by bmwcyle (The end is near and this time I mean it. Get right with JESUS NOW!)
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To: jessduntno

Are you sure this didn’t come from Onion.com?


31 posted on 02/22/2009 1:26:26 PM PST by rdl6989
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To: jessduntno
“We can't generate sustained growth without getting our deficits under control,”

You just can't make this stuff up. Like an alcoholic preaching tee totaling.

32 posted on 02/22/2009 2:07:16 PM PST by yazoo
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To: jessduntno

whaaaaaaaaaaaaat???

ZERO just added 3 trillion to the debt!
What a clown!!!


33 posted on 02/22/2009 2:17:50 PM PST by FBD (My carbon footprint is bigger then yours)
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To: jessduntno

Easily done; just raise taxes on those filthy rich folks. You know, the ones who make $150K or more, a year. That ought to do it./s


34 posted on 02/22/2009 2:57:05 PM PST by SuziQ
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To: jessduntno

OMG, what a bunch of forked tongues they have.


35 posted on 02/22/2009 3:30:20 PM PST by television is just wrong
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To: Cicero
Breaking News:

New Obama nominee for Commerce Secretary will explain how he will cut the budget in half:


36 posted on 02/22/2009 6:25:52 PM PST by ding_dong_daddy_from_dumas (I want to "Buy American" but the only things for sale made in the USA are politicians)
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To: jessduntno
"Obama plans to slash deficit in half"

Once again, someone has forgotten the liberal speak magic decoder ring. The headline begs the question - Half of what?
37 posted on 02/22/2009 7:18:39 PM PST by javachip (TARP - proof there is no situation so bad that government can't make it worse.)
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