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Obama Spending Freeze: Pure Rhetoric, No Results
President Barack Obama has called for a “spending freeze” that he claims will save $15 billion in 2010. That sounds great, but when you put it into perspective, the number just isn’t that impressive.
Here’s some things to keep in mind.
- Obama’s 2010 budget is $3.6 trillion
- The deficit for 2010 is projected to reach $1.35 trillion
- The projected savings from the spending freeze is $15 billion in 2011
Saving $15 billion sounds like a lot. But lets look at it in the context of the budget.
Obama's 2010 federal budget: $3.6 trillion
The picture above is a graphical depiction of Obama’s 2010 federal budget. Each dot represents $1 billion; each square represents $100 billion; each row (10 squares) represents $1 trillion. The total is $3.6 trillion. Now, of that, how much is deficit spending?
Deficit spending (the red dots) is nearly 50% of the total budget.
The second image shows the total budget with deficit spending in red; the projected deficit for 2010 is $1.35 trillion. Deficit spending is the money the government spends that it does not have. Put simply, it is money that must be borrowed or taken through tax hikes (or “fees”).
As you can see, the deficit is over one-third of the total budget; 37.5% to be exact. That means that Obama’s budget spends 37.5% more than it projects it will have. Good news, though, Obama has said he wants a spending freeze. How does that look?
Spending freeze is said to save $15 billion (the green dots)
Obama has projected the spending freeze will save $15 billion, as represented by the green dots. That $15 billion can be taken from the deficit spending, reducing the red dots. Do you see the green dots? No? You may have to look really hard to see them. They’re the tiny little fifteen dots located between the blue and red ones. Look at all that savings! Look at how much lower the deficit has become!
Obama’s proposed savings is 1.1% of the deficit. It is 0.42% of the total budget. That’s a lot of saving that the President has proposed! Following Obama’s plan, America will have a surplus of… no, wait, there’s still all those red dots. At this rate, America will spend itself into bankruptcy!
So don’t buy into the rhetoric and the insignificant spending freeze proposed by Obama. The only reason for proposing this is to pander to moderates and independents. Obama is calling for more massive spending sprees, not fiscal sanity.
January 27th, 2010 at 10:45 PM
The television commentators are calling the President’s speech “taking liberties with the truth.” Lets call it what it is. He lied! He said he wants to save money and is spending in record breaking levels. He lied! He said he wants off-shore drilling, but has always opposed it. He lied! He said he supports nuclear power development, but has always opposed it. He lied! He said he wants bipartisan legislation, but locked the Republicans out of negotiations. He lied! He wants to end earmarks and porkbarrell spending, but signed the biggest pork barrel bills in history. He lied! This is not “taking liberties with the truth.” The truth is not in him. He lied!
January 28th, 2010 at 8:05 AM
Great visual. Can you do one showing the truth, the promises and the lies? Great Work~~
January 28th, 2010 at 10:43 AM
I like to keep things short and sweet whenver possible so my response is very simple. If the President feels we need to have a spending freeze then stop trying to pass the Health Care Bill through reconciliation. What a concept.
CAS
January 28th, 2010 at 1:17 PM
Pam – that graphic would be easy: a lot of red with a couple blue dots.
CAS – notice he wants to freeze spending to save money, but in the same breath asked for a second stimulus (extra spending)?
January 28th, 2010 at 8:42 PM
John,
Terrific presentation! Even all the people that Obama thinks are too stupid to understand how benevolent and brilliant he is should be able to grasp it.