Daily Archives: April 30, 2009

100 million is “Drop in the bucket” – no kidding!

President Obama acknowledged Monday that his call to cut $100 million from the federal budget represents a drop in the bucket, but he insisted that the small savings will eventually add up to a lot and that it will help address what he called a public “confidence gap” over government spending.

He said, “$100 million here, $100 million there, pretty soon even in Washington it adds up to real money.”

This short video is a must-see illustrating just how little it really is in the big picture.  He thinks he can just put out a number starting with 100 and all the little peasants will think he’s really done a great thing.

Thank you, 10000 Pennies., for the video. [H/T Laree]

I sure do agree with that.  A drop in the bucket.  And this after pushing the stimulas package and the omnibus bill through in which even one of the little “porky projects” amounts to much more than that.  For example:

*$246 million tax break for Hollywood movie producers to buy motion picture film.  Almost any one of these projects would equal or exceed the $100 million that will be saved by the piddling amounts saved by either the Homeland Security Department buying in bulk, or the Department of Agriculture combining a few offices into one, or saving on computers, et cetera, and even these projected savings will take five to 15 years to even be realized.  This would have been fine if it had not come on the heels of the spending spree that has already come down.

$100 million is the equivalent of 402,000 iPods, or 2.16 million barrels of oil, or about 4,500 Toyota Prius cars. (That may sound like a lot, but Obama recently announced plans to buy 17,600 American-made, fuel-efficient cars for the government fleet.)

Talk about robbing Peter to pay Paul. It is really insulting.

Get ready for more tea parties on July 4th.

Posted: 04.20.09  Reposted:  04.30.09

24 Comments

Filed under Barack Obama, Financial Crisis, Human Interest, politics, President Barack Obama, Uncategorized