The President Announces Key Spending Cuts in His Budget

[PoiZinConTrol]

I'm so sick of the BS. Just this month, August 2009, the government WASTED money on the landscape project they just did on interchanges along the highway in central Florida. ValleyCrest, a billion dollar landscape company, got the contracts. Tighten those belts, what a laugh. I moved to lower my rent, gave up health insurance, and had cable tv disconnected and I still can't pay my bills. Guess I'll give up eating next.

[samsunguitar]

Watch "The Obama Deception" in HQ! This is the truth about Obama that you must know!

[yahoovisitor]

Pakistans annual budget is actually the expense voucher of its corrupt ruling/elite class enforced upon a common man, thus raising inflation, reducing his purchasing power & increasing suicide rate. If say Rs 500 ($ 8-9) are given as salary increase or rebate in tax to the salaried person Rs 3000 ($ 35-40) are snatched back in the name of IMF/World Bank in the shape of revenue or taxes. This dogmatism is in practice since 1947 & creates hatred against USA & international financing departments.

[fdoric6]

US: Cuts in Social Security, Medicare to pay for bank bailouts

14 May 09

All told Washington has handed over around $10 trillion to Wall Street in less than a year. In comparison, Medicare would need $13 trillion and Social Security $5 trillion over the next 75 years to remain solvent, according to the report. In other words, retirement benefits and healthcare benefits for several generations of the elderly could be secured at the cost of one years bailout of the financial aristocracy.

[rhsguy]

I'll believe the 17 billion when i see it... oh wait, i never will, just like my social security. I am 25 yrs old, and I am wondering, who is going to take care of ME when my money is all gone?

[wolfgangfaust]

CONGRESS, WE THE PEOPLE DEMAND YOU either pass federal reserve reform legislation or have your asses thrown out in 2010 BARRY, SHOW US OUR MONEY LITMUS TEST 2010 THIS IS AN EMERGENCY- 14 TRILLION OF OUR DOLLARS ARE MISSING PASS HR1207 FEDERAL RESERVE TRANSPARENCY ACT AND S604 FEDERAL RESERVE SUNSHINE ACT OR HAVE YOUR ASS THROWN OUT IN 2010 WE MUST HAVE YOUR ANSWER BY 04 JULY NO MORE SPENDING UNTIL WE AUDIT THE FED

[randycarruthers]

We are seeing the most massive transfer of money and power from the people, the private sector, to the federal government in our history. This is insane. Roosevelt's New Deal was a miserable failure. The European socialist systems are failures. Obama is leading us into more failure.

[masal12]

You have created the biggest economic crisis of modern times, causing almost the whole world to take its burden, and still wabbling about how your system is the best one? Typical American attitude.

[tampabayproductions]

no my Turkish Amigo. If you did not rely on us Americans to support your government because you cannot do it on your own then we are not responsible for your and other goevernments that fail when our economy collapses. Get your own economy and quit bitching and feeding off of us.

[randycarruthers]

No, European style socialist thinking, not classic American economic thinking, has caused the current economic crisis.

Nobody is "wabbling" (the correct spelling is "wobbling"). It is clear that when the government keeps its greedy hands off the private sector and lowers taxes, as under Reagan, the system is obviously best for everyone.

[MarquisdeBarrabas]

"when the government keeps its greedy hands off the private sector and lowers taxes, as under Reagan"

We must be thinking of different Reagan, the Reagan I know syphoned tax dollars into the defence industry and raised taxes four times between 82 and 84.

[randycarruthers]

Same Reagan. His "syphoned" tax dollars help crumble the Soviet Union. As a result of his leadership we became a more secure nation both militarily and economically. Obama's leadership is taking us in the opposite direction.

[MarquisdeBarrabas]

"His "syphoned" tax dollars help crumble the Soviet Union."

Wow, the fiscal conservative facade came down pretty quickly. I guess you ARE a Reagan Republican.

"As a result of his leadership we became a more secure nation both militarily and economically."

As the explosion of terrorist organisations and failed states in the post-Cold War world clearly attests. hahaha

No seriously, It's people like you that make me glad I'm an European.

[MarquisdeBarrabas]

citizen.

[randycarruthers]

I am glad you are a European citizen too. Far away!

[RussiaAir]

Are you guys serious? If he didn't do anything we'd still be WASTING the $17,000,000,000.00. So stop hating.

[narcberry]

We're going to have to tighten our belts, I hope Maceys has a belt that's 0.165 sizes smaller than my 34.

[JAMD456]

Governments Have to spend money somewhere, Only time will tell us with the outcome of all of this is, At this point he cannot fail (Nor should anyone pray that he does), If he does we will be in an even worse state than when we started. The facts remain there is a financial crisis and "something" had to be done and it had to be done fast, I think that the greatest poison in America is that people Vote either Democrat or Republican, If you do not like something FORM a party and change it

[JAMD456]

In America the people have always had great power it is time that the American people stand up and use it, The people let the Republicans mislead them and created this mess, The republicans will not fix things if in power again, but the people have the chance to, Use this chance and make a difference

[MarquisdeBarrabas]

"We're going to have to tighten our belts"

Not that crap again (no offence). This is like the Clinton years all over again!

[iFresh08]

Keep up the great work, Obama!

[underbird]

This is like a lifelong drunk announcing that they are switching to an alcohol free mouthwash.

[meschoo]

Wow a whole 1/2 of one percent! Woo hoo. We are on the road to being debt-free now.

[SFsc616171]

You get it!! Now, let's do the numbers to help others, ok?

$132,000,000,000,000.00 got that?

$17,000,000,000.00 got that?

Now, count the difference in zeroes, and you begin to see the lie.

[MrDeppness]

Compare the money he's saving to the money he's spending. No contest. We are so screwed.

[MarquisdeBarrabas]

You're right, waiting for the market to 'correct itself' worked so well for Hoover.

[Boomer1949]

I think cleaning out all the crap is a good idea, regardless of how it will effect the over all bottom line. In fact I favor that in business and in my personal budget. Why would I pay for something I don't use anymore..it's stupid. Or something I don't want? More of this needs to be done, a lot more and I hope those who are working in gov jobs do submit their ideas, no matter how small the savings..it all adds up.

[tampabayproductions]

HMMM, He cut a whole 17 billion. Sounds like a Lot and it is but it's STILL ONLY 1/2 of 1 Percent of his total Proposed Spending Budget! This is a CON MAN smoke and mirrors tactic. Look at his Goons when he first comes out. They know he's about to serve a Large Glass of Kool-Aid to the Lemmings.

[grudgekeeper]

Tampabay, your so critical of a man that has only spent around 100 days in this office out of over 1400 he will spend in office his first term. This is the first round of budget cuts. Shoot hireing the 800 more IRS agents just to go after tax havens im sure will bring in hundreds of billions of dollars every year.

[masal12]

Would you have preferred him to cut all government spending then? Who is gonna save your ass then?

[spliffsperlunk]

I dont get it he just pissed away trillions of dollars to keep banks and auto manufacturers aloft for another 6 months and now he wants to cut spending ?

[ANGLEBOOT]

Obama do the country a favor and step down, let an American run the country. You have proven blacks can even balance their own check books, much less the nations budget.

Go back to Kenya.

[mardi06]

The proposed budget is more than all the previous presidents combined and he's talking about fiscal responsibility? The budget cuts he is talking about are aimed at the military. (surprise!) The budget cuts compared to the proposed budget would be like you taking a one half of one cent cut out of a $100.00 budget. What a fraud.

[dhh1582]

You can't possibly believe this administration is going to cut spending at the same time they are planning a budget of $3.4-3.5 trillion. This is completely insane.

This man is proposing the largest spending bill ever after already doubling up on Bush's record budget. Bush's largest budget was roughly $450 billion and Democrats complained about his spending. He is going to quadruple+ Bush's spending. Is he really talking about fiscal responsibility?

[Dewdaahman]

where's your birth certificate Barry, and your college records..? you are a fraud as is the sitting House,Senate and Judicial.. time to remove all you scammers.. you're sick with a New World Order wet dream.. you'll have to kill me before you discard my Constitution!!!!!

[tomanyasses]

more bla bla bla and do nothing

[beauzackosta]

"In North Korea, when you lie they think you are telling the truth, and when you tell the truth they think you are lying."

"The further a society drifts from Truth, the more it will hate those who speak it."

[beauzackosta]

you are all stupid!

[jbBuckn]

if hes fixing everything past present and future like he says he is then why did we have these problems in the first place? all it's gonna take is obama to buckle down and..... wait what the fucks he gonna do to fix america and then the world

[AtomikNY]

Oh snap what's Rush going to complain about now?

"Obama's being fiscally conservative. He stole our idea! Just like a dirty commie!"

[mardi06]

Obama's being fiscally conservative? I hope you are joking. His budget is more than all the presidents combined. He has spent more in 100 days tha Bush did in 8 years. These cuts he's talking about amount to nothing compared to the budget.

[shiddy67]

All hail the muppet.

[Joe402]

If I was president and conservatives bitched at me to cut spending I'd do it all in defense and sit back as the pundits go mad.

[RonPaulRevolution4u]

Joe402

We libertarians would LOVE you for that so long as you did the military cuts to the overseas world policing military "empire" we're running, but keep the home front strong.

This is what we've been teaching. You can't make significant domestic cuts without throwing a lot of poor and elderly people out in the streets. But you could cut hundreds of billions by building down the foreign encampments (Europe, Iraq, S.Korea, Japan, etc.) and actually cut taxes & have MORE 4 domestic priorities.

[beauzackosta]

"In North Korea, when you lie they think you are telling the truth, and when you tell the truth they think you are lying."

"The further a society drifts from Truth, the more it will hate those who speak it."

[tomanyasses]

i was thinking the same thing cuase i tell yhe truth and people think its a lie  amazing how many idiots there are and fools

[freakyfarooq]

Obama ROCKS!!!

[Bellita1]

How come NObama is suggesting the same cuts that BUSH recommended?

Either he can't think for himself or the Demis were playing politics just to Block the cuts because they were from BUsh.

[crumcon]

the main diff. between bush and obama: Bush = talk only, obama = talk+action

[tomanyasses]

bull shit

[Bellita1]

No Bush was blocked  by Demis.

Nobama has a cake walk.

[grudgekeeper]

Belita, in 2006 the american public elected a dem congress just for that point. To block Bush from doing any more damage. This is why at the voting booth they never blamed the dem congress for anything and increased the dems presence in congress. The country as a whole did not like the direction or the leadership in 2006 and showed it at the booths.

[Bellita1]

grudgekeeper, you are correct but why is NObama recommending the same budget cuts as Bush? If the congress passes these cuts aren't they a little hypocritical?

[grudgekeeper]

lol your not really trying to point hypocrisy in politics are you? All politicians are hypocrits. As for the same cuts as Bush, don't know if thats true. Honestly dont remember Bush trying to cut the budget, may Obama just has a better information machine or everyone's paying more attention to Obama. Not sure.

[lovelytackles]

i think he's really hot, as well as intelligent

[janichaz]

Yes,Obama!Thank you and I love you,so much!!!

[romania4uluv]

i love you Mr. President! Take care of my sweet America:)

[wdcsucks1]

obama, why are you spending 1,6 billion to GPS peoples front doors all across the nation?

[MUSTSEE4TV]

thats good to know therealcaptobvious *****

[barklikeamonkey]

Spend by the truckload & save by the teaspoonful.... What a tool.

[greatgaara]

well, the US needs to stop kissing up to Israel. Breaking ties with them would be a terrible thing.

[machiavelliswifey]

This man means business. Obama DOESN'T PLAY!

;-)

[machiavelliswifey]

Nice job Mr. President!

I bet this president has a lot of people who work for the government scared right now! lol

Those government workers who were getting a free ride on a fancy car..... YOUR DAYS ARE OVER!!! Move it along!

Its time to spend our money the RIGHT way and WISELY. Thank you Obama!!

[mardi06]

Ummm excuse me...you need to check your facts. Since he has been in office the Government hired 66,000 people. The jobs he says he is going to create? The are all Government jobs. Quit drinking the kool-aid and check the facts and learn to think for yourself.

[nohealthcare62]

What where is our health Care you promised ? No Lobbiest ? BULL >look at Baucus and all his Doantions he took from Health Care co.'s and Pharm co.'s almst a MILLION Please FIRE BAUCUS NOW !

[ObtrusiveDave]

yes because less than 4 months is more than enough time to great a fully functional program as such.. all controversial plans wont be touched until his second turm. think about it, not everyone wants a medical plan as he "promised". its the smartest thing to do. first job when you first get into office, assure your re-election. then you do what you can while still assuring re-election. third dont do anything that will hinder your re-election. its just history

[ObtrusiveDave]

i completely see what your talking about and what others say also, all in a hurry. it hard to swim against the current, its easy to pulled away. i fear that may happen to him also, but we have to give him and his team some time.

[saskiapanter]

I do hope that this rapport was better prepared then the one on Tax Paradise countries....wich did have at least one big error. Its been removed, that name, but still. I do hope that other rapports have more investigation, to be sure mistakes are not made

[starburstdragoon]

report.

[adiogolycos]

funny how house dems are fighting against these cuts. Prez Obama is the true AMERICAN PREZ...he is not a Dem Prez...he is not a Rep Prez...he is truly the USA's PRESIDENT...keep up the good work.

[killergames187]

He thinks we are blind!How the hell can he say this bull shit with a strate face??He is spending money like it is free!!I did not think it was ever going to get worse thin Bush,But it did OBAMA!!!

[machiavelliswifey]

killergames187:

Take your meds NOW!

lol

[killergames187]

Get your head out of your ass!!!

[jeffgatesnc]

obama you're "stunning" you spend money like there's no tomorrow....

oh darn, I let the cat out of the bag.

Obama do you realize the elite will replace you with a robot that can read teleprompters better than you.

Obama do you realize how your image has become void of being geniune?

there are people that can see right through you obama

[homeboy25327]

Fuck you bitch!!! Obama is the greating thing to ever happen to this country!!!! At least he's trying to cut the budget and be financially responsible!!!! Not like your boy, the white man George Bush who screwed this country up worse than anyone else in recent history!!!!!!!

So educate yourself and git ya head right!!!

OBAMA FOREVER!!!

[saskiapanter]

I agree with you, dont get me wrong, but why put that THE WHITE in front of his name. Obama is half White as well. He is the best mix there is ;-) Black and white, beautifull, but more important. He is mega smart and has the guts to cut the budget....Bush never dared doing that.

[machiavelliswifey]

saskiapanter:

Best mix? lol

I didnt know there was still people left in this world that measure greatness based off of race.

Youre a moron

[saskiapanter]

ahhh pfff what ever I say on here, its never good. I didnt mean to say that white or black is the best race, damn I dont even care about that. Any race is fine with me. I didnt start with saying a white this or a black that OK?! I still stand with my oppinion on Mr. Obama being a good president so far, like the one I was reacting to, I agree, Obama is much more someone who dares to fight the system, well try to make it better. But well, dont dont mind to anyone on here huh? So I just SHUT UP:-S

[cidazj6]

lol! "who dares to fight the system" wtf r u talking about??

[JonusDking]

I think they were trying to make a point. I think... R-chan

[fattkattz55]

hahah obamanaters i am one of you but plz learn how to spell its making obama look like dumb people are supporting him...................u no wat fuck spelling right we are free the world and its ways are changing fuck i want to spell if i want to spell fuck like this fuk or fuc hey u no wat i will fuck be write or proper if u can understand wat im reading then fuck u cause i aint going to take that shit nomore cmon obama im rooting for you...........................­.....fuck fox news and

[Cutchswife]

Perhaps you should moderate your 'text speak' before admonishing people on their spelling.

[starburstdragoon]

wat

[lildwayne21]

Ordinarily I wouldn't say this since I am a Democrat, but its nice to know Obama has garnered a lil support from Mccain in the Denate.

[fbithejames]

Obama is the best-looking president we ever had.

Ain't that right people?

[therealcaptobvious]

The United States could save billions in defense funding if they trade the Military for Obama

[MUSTSEE4TV]

barack obama will go down has the best president ever*****

[Rummyson]

Hey might end up being one of the better, but not the best. Out founding fathers were our best presidents imo

[therealcaptobvious]

Obama can split the atom with his bare hands.

[SundaysCybele]

7:29 "by the end of my first term..."

He's already expecting to win a reelection.

That' so awesome :)

[nohealthcare62]

Only if the Citizens who voted for him get HR676 or he can KISS the Next Election GOOD-BYE ! And that is the TRUTH ..everyone is Pissed Off about Baucus the MORON

[waltermh111]

you mean a few people are always mad about everything and blamed him for everything day 1. and will never be happy with anything he does or will claim hes not doing anything dfast enough as if the hundreds of things hes promised can be done at once.

[waltermh111]

So far hes deserving it. Everything hes doing is what was promised on the campaign trail. Hows it feel to have a president who does what he says?

Its only the beginning too. Hes also a rare president that looks long term and I want to see what he can do given the time.

[lildwayne21]

So do I. I'm interested in every move he makes.

[therealcaptobvious]

The square root of Obama are the criminal bankers. Do not try to square Obama, the result is the $7 trillion dollar spending package in 100 days.

[CommonSense0822]

Finally! I've been waiting for Obama to name to things he was going to cut from the budget

[waltermh111]

this is only the beginning

Many of the programs in the budgets he passed also create long term savings.

People talking about him raising deficit to insane levels only do so under the assumption that he will never bring about savings, though they had no basis for that as hes proving now, and also under the assumption that no cost savings in his budgets will work, even though history and logic show they will

[waltermh111]

Ex. condom/sex ed programs lower teen and unwanted pregnancy saving more then is spent easily by lowering burden on welfare system

[nohealthcare62]

WHAT ? Where the HELL is our Health Care president Obama promised us during his campaign ? Baucus got a Million Dollars in donations from Health Care co.'s and pharm co's for his election ..thats why he laughed @ the 500 Americans who died May 5th 2009

[waltermh111]

your ramblings are off topic, go away or come up with something on topic.

Your off topic post doesnt even make sense

[k9platnum68]

So he's going to spend less?

[lildwayne21]

The man standing to the left of the President bears a strong striking resemblance to Eric Cantor

[sbmcguire03]

He's a tool but I wonder whose...

[lildwayne21]

Congrats Obama.

[EscpdFrmPsykward]

You could save about $14 billion in budget cuts by stopping this bullshit drug war and taxing and regulating marijuana. Then you'd also see a profit of about $26 billion, create jobs, remove non-violent offenders from our crowded prisons... Your current budget cuts save you... What was it? $17 billion? Ha!

What are you waiting for, Mr. President?

[EscpdFrmPsykward]

If enough people demand it, we can no longer be ignored, shrugged off or chuckled at. Obama seems sensible enough to get that through his head eventually.

[waltermh111]

I think the problem is that people who do recreational drugs arent also a majority of voters. Most are likely disinfranchised and gave up along time ago, so that the people asking now are a minority.

Even when there is a possibility for change, they are too cynical to take advantage of it.

Its like gamers. Most dont vote and just whine everytime gaming legislation comes up. But everytime i talk to gamers they admit they wont call their reps to discuss it.

[snakefilm]

Awesome guy :)

So glad he won the election!

Thanks Barack!!

[crazybigyo]

GREAT! :)

[elsbett1]

OMG, a politician who keeps his campaign promises! I'm still in shock.

Thank you, Mr. President.

[therealcaptobvious]

On his birthday, Obama randomly selects one lucky child to be thrown into the sun.

[saskiapanter]

lol, yeah its something special huh? :-)

[dunn98632]

ya right like these are really cuts GOD HELP US ALL FROM THIS MAN

[snakefilm]

Dunn, your an idiot. Plane and simple. Obama Rocks.

[lildwayne21]

Obama has got to be one of the hardest working Presidents in US history

[dh3684]

any president works very hard, its just easier to tell with obama because a lot more of what he does is televised and on youtube and stuff.

[lildwayne21]

True.

[waltermh111]

Actually, by now Bush had already taken alot more vacation time than Obama I believe, and had visited alot less world leaders anddone alot less press conferences, probably shorter ones, lol

May be wrong, but I dont remember too much positive about his first few months.

But of course harest working is an exaggeration and its not like he could get away with less then all hes doing considering the situation hes in compared to some other presidents.

[jdudeJmusicAforlifeC]

In the first 30 comments ;) yes I'm a true Youtuber.

[gambori666]

Michelle Obama for president 2016-2024 !!!

[MarkMVHS753]

why?

[bigredjeff007420]

i want a bigger number.

[NextGenCinema]

20th comment

[jhamaker]

Sounds like a fantastic first step. Good job.

[swiminthesoil]

I uhhhhhhh President Obama....will totally uhhhh kick ass

[himynameississy]

yeah sooo true, but he's much smarter and better than bush. i like how though when he was campaigning, that didn't happen but as soon as he got into office it immediatly started happening

[OzzyOzrock]

Excellent! :)

[blakaxe]

GM blew up $10B in a quarter !! Unbelievable!!

[therealcaptobvious]

Obama doesn't get wet. Water gets Obama.

[EcrossH]

Obama is the best president we have seen in a LONG LONG LONG time. Nice work, Mr. Pres.

[RapistAsshole]

I certainly agree.

Obama makes fantastic choices.

[guudgidga]

I think he's the best since Kennedy.

[FluorideinWater]

If he was like Kennedy he wouldn't have been elected.

[ArbitratingMist]

He always explains the itinerary by which he plans to make his promises a reality. This is why I voted for him.

[updown454]

To save money it is crucial to end any war in the middle east. Obama said he would within 6 months, now he says maybe in a few troops in 23 months and he moved more to different countries around there.

[MoPapparani]

enjoy the next 3 years and 8 months :)

[guudgidga]

You HONESTLY expect the president of the united states to reply to ur messages?

[chaniwie]

yes, he has responded to some of the issues raised by ppl. Just pay attention to his speeches.

[willieboy729]

Excellent. I like how he says "this is just a step" in most of his speeches. It shows that he sets realistic goals and that they are accomplished through small steps.

[prognost]

You disapprove of pragmatism?

[3rkid2]

Good?

[ca91101]

wow