The Campaign Spot

Obama’s Vague, but Promising, Words on $2 Trillion in Spending Cuts

I’d like to believe you, Mr. President:

[President Obama] says he’s identified $2 trillion in budget savings that can be realized over the next 10 years.
Obama repeats his pledge to cut the deficit in half by the end of his first term. He says his administration has already begun a line-by-line review of the federal budget to eliminate programs that are “wasteful and ineffective.”
As examples, the president says his budget plan will end education programs “that don’t work” and lop off payments to big agribusinesses “that don’t need them.”
Obama also vows to end no-bid contracts that he says have wasted billions in Iraq.
And beyond that, he says he’ll “root out the waste, fraud and abuse” in Medicare that he says haven’t made people any healthier.

I’d really like to see it happen. But I’m just looking at the calendar, trying to see if I can pick out the expiration dates . . .

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