Monday, April 20, 2009
Balancing the Budget
Today Obama assigned the various tax cheats in his cabinet to slash a total of $100 million from the proposed $3.55 trillion budget, a first step in his aggressive plan to balance the budget and achieve "pay as you go" fiscal responsibility.
The massive cuts, representing nearly 35 cents per American citizen, will dramatically reduce Obama's proposed budget deficit from $1.75 trillion to $1.7499 trillion.
White House Chief of Staff Rahm Emanuel said that the cuts were in response to last week's massive protests of the unprecedented expansion in the size and scope of the Federal Government far beyond the authority granted by the Constitution: "We want you to know that we heard your voice. We are tightening our belts before we continue hiking your taxes, decimating the value of the dollar, and mortgaging your children's future."
According to the Congressional Budget Office, if Obama continues to cut $100 million from the budget each day, the budget will be balanced in just 48 years.