Washington tightens its belt?
President Barack Obama now says it’s time for Washington to tighten its belt. I guess he’s already run out of future generations’ money to spend.
He made a couple good points.
Obama’s administration inherited a $1.4 trillion deficit this year alone. He didn’t mention that budget was passed by congress controlled by Democrats. He added that his administration has found $2 trillion in savings over the next decade. That’s seven years to make up this year’s deficit — not including interest.
Another interesting point, Obama said in the next few weeks his administration will find more than 100 government programs that can be cut or eliminated. How does he know that there are 100 programs? Why not 1,000? Where does he get this number? Is it from his speech writer because it sounds good? If he knows about them now, let’s get moving on them now.
Color me skeptical…
