Obama Vows to Slash Deficit

Tom Suhadolnik
Yesterday, President Obama made news when he announced radical efforts to address the unsustainable federal budget deficit.

"As surely as our future depends on building a new energy economy, controlling healthcare costs and ensuring that our kids are once again the best educated in the world, it also depends on restoring a sense of responsibility and accountability to our federal budget," Obama said.

"Without significant change to steer away from ever-expanding deficits and debt, we are on an unsustainable course," he added.

And to prove his commitment, Obama offered an example of his newfound budget discipline.

Obama said Cabinet officials already had begun cutting back unnecessary expenditures, including a consulting contract to create new seals and logos that cost Department of Homeland Security $3 million since 2003.

For those actually keeping score, the budget deficit for just the first half of FY 2008 (October 1, 2008 to March 31, 2009) was $956,800,000,000.   That amounts to $3,640,791 per second. 

Now if he can just repeat this draconian cut an additional 318,932 times the budget deficit for the previous 6 months will be erased.

Is it any wonder why a certain political party gives unwavering support to a public education system which cannot seem to produce many mathematically literate graduates?
Yesterday, President Obama made news when he announced radical efforts to address the unsustainable federal budget deficit.

"As surely as our future depends on building a new energy economy, controlling healthcare costs and ensuring that our kids are once again the best educated in the world, it also depends on restoring a sense of responsibility and accountability to our federal budget," Obama said.

"Without significant change to steer away from ever-expanding deficits and debt, we are on an unsustainable course," he added.

And to prove his commitment, Obama offered an example of his newfound budget discipline.

Obama said Cabinet officials already had begun cutting back unnecessary expenditures, including a consulting contract to create new seals and logos that cost Department of Homeland Security $3 million since 2003.

For those actually keeping score, the budget deficit for just the first half of FY 2008 (October 1, 2008 to March 31, 2009) was $956,800,000,000.   That amounts to $3,640,791 per second. 

Now if he can just repeat this draconian cut an additional 318,932 times the budget deficit for the previous 6 months will be erased.

Is it any wonder why a certain political party gives unwavering support to a public education system which cannot seem to produce many mathematically literate graduates?