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Originally Posted by dellinger63
By 2 Trillion. Can't wait to see this math. The 2007 budget was $2.77 Trillion so congrats in advance for cutting spending a whopping 75%.
President Barack Obama is promising to slash federal spending by $2 trillion, even as the administration initially invests large sums of money to revive the faltering economy.
He spoke Thursday morning as his administration was preparing to release an outline of its tax and spending proposals for the new budget year starting Oct. 1. Obama said that the administration has "already identified" areas in which it can eventually slash federal spending by $2 trillion.
http://www.suntimes.com/news/politic...022609.article |
That's over 10 years and is largely based on the assumption that we won't be spending in Iraq in a couple years.