Filed under: Capitalism, Domestic Policy, Economy, Progressivism, Taxes | Tags: Democrat Lies/Dirty Tricks, Government Spending, Smoke and Mirrors
Public anxiety about government spending is becoming noticeable. Or at least, the White House has finally noticed. They are directing governmental agencies to develop plans for trimming a whole 5 percent from their budgets by identifying programs which “do not advance their missions or President Obama’s agenda.”
Peter Orzag and Rahm Emanuel are sending a memo to federal agencies, asking them to find spending cuts. The memo says, gracefully, according to the Washington Post:
“The American people deserve a government that spends every taxpayer dollar with as much care as taxpayers spend their own dollars — where money is spent not out of inertia, but only when it contributes to achieving a clear national priority,” Emanuel and Orszag write in the memo, according to an early draft.
Oh my. Read that one again. This is the government that spent $862 billion in a stimulus bill that did not stimulate, on Keynesian multipliers that didn’t multiply, on shovel-ready projects that weren’t shovel ready, and on projects that resulted in new jobs only by the mysteries of double and triple counting of imaginary people. “Spends taxpayer dollars with as much care,” oh my.
To encourage cooperation, Obama also will ask Congress for new authority to let agencies keep half the savings they identify, administration officials said. The agencies could then put the cash toward higher priorities rather than surrendering it all for deficit reduction, as is typical.
Economist Veronique de Rugy puts it in terms that we can all understand:
Basically, it’s as if I tell my bank “I am massively in the red, I know, and from now on I will be reasonable. See, my plan is to cut $5.00 out of the $100 I spend per week. $2.50 will go to reducing my $300,000 deficit and $2.50 I will spend on more stuff. I need a little incentive after all my efforts.”
This is absurd, a joke. Congress is attempting to pass a “jobs bill” or stimulus 3.0. It won’t create any jobs either. Then they want to ram through a cap-and-trade bill, and just before the election they want to send out another check for the seniors who always vote, and seem to be well represented at the Tea Party rallies — at least if the grey hair in the crowds is accurate. Of course you can never tell with those violent tea-party activists. “Clear national priority indeed!”
This is a feel-good pretend effort to sway the masses, whom they think are too dumb to grasp the complicated details of budget trimming. The very painful exercise that millions of families are having to go through at the kitchen table as a result of President Obama’s agenda.
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