President to Propose $20 Billion in Spending Cuts in Monday’s Budget

This is part of the plan to look tough “for” the American public. We know better.
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He certainly showed the Republican caucus his toughness and character yesterday.
It was the Republicans who made themselves look foolish trying to score partisan political points with their attacks and campaigning to get re-elected.

Cant wait until November 2010 to show these Deaf Democratic criminals the DOOR.

What a leader…bump up the spending by a trillion or so, then lock it in with a budget freeze and say we’re going to cut $20 billion. Boy, that took some real guts. When do you tackle the really tough stuff?? It must be pushed to later since this is an election year.

This budget cutting is all about intimidation as the Obama thugs can threaten to cut funding as a scare tactic to get the democrats in line.
Listening to the American public does not seem to be part of the plan. A shame as that would be real intimidation for those currently in Congress.

FOOL ME ONCE, SHAME ON YOU,
FOOL ME TWICE, SAME ON ME.
BUSH AND CHENEY PROVED THAT THERE IS A SUCKER BORN EVERY SECOND.
THE REPUBLICANS ARE NOT FOOL OBAMA..

OOPS, MY MISTAKE THE OIL TYCOONS DID NOT NEED A BAIL OUT. I WONDER WHY.
BIN LADEN FATHER FLOWN OUT THE COUNTRY ON 911.
BIG OIL RAISED GAS PRICES TO 4.00 DOLLARS A GALLON. (Start of the Recession)
Chaney, Haliburton big Oil investments and production.
See the picture.

He certainly showed the Republican caucus his toughness and character yesterday. >>>> He made a FOOL of himself by lying to everyone in the room and making stuff up. The BEST thing that can happen to Obama is loosing ALL of his POWER so his EGO will land. HE is one of the deafest presidents I know of.
Posted by: ChicagoBob | Jan 30, 2010 6:25:45 PM…………. Wow ChicagoBob, just because you say he lied he lied? I fact checked his budget argument. It totally stands up. The republican from IL asking the question (trying to lecture) completely lied.

Posted by: ChicagoBob | Jan 30, 2010 6:25:45 PM………….
Wow ChicagoBob, just because you say he lied he lied? I fact checked his budget argument. It totally stands up. The republican from IL asking the question (trying to lecture) completely lied.
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The Republicans are good with hurled accusations and insults. (It’s their only tactic). Not so good with the facts.

Secondlook — Yeah, Obama’s impressive, I especially like this like about healthcare reform — “If you look at the package that we’ve presented — and there’s some stray cats and dogs that got in there” —- Is that official legislative language?

I hope Obama kept some of our money in his Stash Fund—never know when he’ll need a few billion to make a sweetheart backdoor deal or two.
Then blame it on Congress.

Since Obama raised discretionary spending items between 12 and 30% last time, he should be able to find a little to cut this time!! —- Isn’t there a law with retailers that prevents them from temporarily raising prices so they can discount them by a larger percent???

The 2010 Budget proposed by Obama projects a significant deficit increase – $1.258 Trillion!! — And he wants to cut $20 Billion in spending. — Now lets just say you were doing your family budget, and you found out you budgeted to spend $1000 more you were going to make — So using OBAMALOGIC, you would cut $15.89 from your thousand dollar deficit spending, AND BRAG ABOUT IT!!!! — Just too funny!!!

Obama the Spendthrift. Yeah, OK. That’s believable. That’s a great strategy. This administration is all over the map.

Tip of the iceberg heading towards the titanic. Budget cuts are a haqrd sell in Washington that it will require bold new action.

Solve the basic math problem please.
Posted by: seriously? | Jan 30, 2010 8:11:46 PM
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Lesson #1 – the Bush Republican administration thought it could reduce taxes, fight 2 unpaid for wars and put in place a major entitlements program (drugs for seniors) without paying for it. This added as much to the national debt as almost every other administration in history combined.
Lesson #2 – in order to decrease the deficit, expenditures will have to be decreased, or taxes raised. Obama has clearly identified his taxation targets; people earning over $250,000 and larger corporations like banks and oil companies.
Lesson #3 – Obama said clearly the other day that economists on both the right and the left think that now – in the middle of a fragile economy – is not the time to raise taxes or drastically cut spending either of which could tip the economy backwards.
The travesty was the Bush Republican administration adding as much to the national debt as almost all the other administrations in history combined – this is what has left the country in dire straights – that and the fact the economy completely collapsed on their watch and stripped even more revenue out of the system.

always humorous…

47/47 in Gallup today.
The man talks way too much. The nation has come to understand that he’s a loser.
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Reagan fell to 35% approval – far lower than the current President. You’re making a molehill out of a mountain.

Here is the Jablabla plan to save the economy. STEP 1: Just ask retirees who are getting paid social security, if they would want a cash advance payout but with the condition they use the payout to only pay down their mortgage. Also, the loan would need to be owned by Fannie/Freddie ( government gse ). So, from the government’s perspective, its just canceling a debt with an obligation — neutral. But now, you have a household in the economy that has debt of their backs and has lower monthly bills — good for the economy. STEP 2: if a bank is going to foreclose, then any proceeds from the sale can be used to pay liens on the home but excess case from the sale has to go back to the former homeowner. This would remove incentive for the banks to loot the middle class. Hope that helps!

tierra wrote: “Obama has clearly identified his taxation targets; people earning over $250,000 and larger corporations like banks and oil companies.”
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Who have to promptly pass those increased costs on to customers… thereby raising taxes on all those who earn UNDER $250,000. So the great oBama is too chicken to raise taxes on everybody straight up so he does it in an underhanded way so he can pass the buck to the usual left target, banks, oil companies, etc. etc.

Who have to promptly pass those increased costs on to customers…
Posted by: gk | Jan 30, 2010 9:40:23 PM
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Wrong again. First of all people earning over $250,000 do not necessarily have a means to make somebody else pay their taxes – they have to pay them theirselves.
Secon, corporations do not HAVE to pass on increased costs to customers, it can come out of their profits – or they can take it out of the gross bonuses paid to their executives. So again you are wrong.
Additionally, customers have options as to where they purchase their goods and services and can move their business away from anyone raising their prices. Already we see a movement away from the big banks to the small banks – in part because of dissatisfaction with the gross bonuses paid to executives.
The tax payer has many choices.

Corporations will have to pass costs on. Their mandate is to increase shareholder value. Who are shareholders? Union pension plans, retirement funds and just plain everyday investors, folks like my mom and dad. People that receive “gross bonus’s” are extremely talented and very unique in their skills. When a handful of people like these bankers running the largest banks in the world have the experience and skill to do the job you can command unique re-numeration. Stop hate’n on the folks that make a lot of money they spend it and create jobs like you or I could never do.

Where’s the part about the nearly $4 trillion budget he will propose next week?

tierra hasn’t seen the 47-47 Gallup poll.If he is so popular why is it the kiss of death whenever he campaigns for somebody?If you are so concerned with the debt Bush generated,why aren’t you enraged by the greater magnitude of debt Obama is creating?He makes Bush look like a fiscal conservative.I’m still amazed that he admitted to the Republicans that the health care bill violated promises that he made to the American people.

FYI…According to the CBO the deficit run up in the first THREE MONTHS of fiscal year 2010 of $390 billion was just $22.7 billion short of the worst ANNUAL deficit under the GOP.
I guess the democrats style of governing is when you’re in a hole…keep digging.
Scary!

What a joke. While he’s proposing 3800 BILLION in spending, he found 20 Billion in “savings”.

Corporations will have to pass costs on.
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Nonsense. Corporations do not HAVE to pass cost on. For example, they can take those costs out of the gross bonuses paid to executives.
How much was Cheney paid in bonuses by Halliburton before he walked across the hall to the VP’s office?

“”Over the next 10 years, the federal government is projected to take in $36.8 trillion in revenues while spending $42.9 trillion.”"
This represents a $6.1T deficit. Last spring, the CBO said the 10 yr deficit would be over $9T. This administration thinks the public is stupid and will believe anything they say….and many do (not unlike the repubs when Bush spoke).

Are these the same economists he relied on for the stimulis “analysis” ’cause we all know how that turned out.
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Please try to be realistic. Economic forecasting is not an exact science, yet its what we have and its part of what decisions on a large scale are based on.
If you honestly expect fantasy exactness in economic modelling – go to Disneyland – you’re living in lahlah land.
Try to get a grip on reality.

Obama is floundering, casting his net in all directions to see what, if anything, catches hold. 1-term.

Obama is floundering, casting his net in all directions
Posted by: juno912 | Jan 31, 2010 12:51:58 AM
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Nonsense. Watch the Q&A with the Republican caucus on Friday. It’s post of the White House website. You can either watch it in its’ entirety, or read the text.
It is the Republicans who were left floundering. The President was in complete control.
He’s a tough and focused man. The Republicans came off lame.

3800 BILLION—-You realize that is not a number right, Conservative in Nebraska?

Tierra one can only assume you are unable to answer my questions. Well this hard working conservation can’t stay awake any longer have a good evening!
Posted by: stophatinontheman | Jan 31, 2010 1:13:30 AM
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You ought to watch the Q&A with the President and the Republican caucus – it’s on the White House website. G&&gle it.

While he’s proposing 3800 BILLION in spending, he found 20 Billion in “savings”.
Posted by: ConservativeInNebraska | Jan 30, 2010 11:58:48 PM
3800 BILLION—-You realize that is not a number right,?
Posted by: Ohplease! | Jan 31, 2010 1:07:55 AM
And you realize it was posted that way so you could more easily compare 3.8 trillion with 20 billion, right? Or am I assuming to much?
So what is that about a half of one percent?

Posted by: tom | Jan 31, 2010 1:21:55 AM
By the way tom, all power to you for working your way through college like that and providing for your family. I’ve done it too and its a lot of work.

so far not many of his predictions have been accurate
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I agree with the President on this. Many economist did not expect the job losses to be this severe. To try to score political points with finger pointing ‘you got the number wrong!’ is just that . .. political posturing.
You’ll remember President Bush called the beginnings of the economic collapse ‘just a rough patch’ – he got it totally wrong.

Posted by: tom | Jan 31, 2010 1:47:40 AM
Tom, all economic modelling is vulnerable to errors and inaccuracies, but its what we have to attempt to plan for the future. By the way, the authors of the report that included the 8% figure, went to great pains to point out they were preparing their projections BEFORE the stimulus package was finished, that their figures were not meant to be exact predictions of the future and were susceptible to large ranges of error because of the severity and nature of the economic collapse that took place.
Of course that information is inconvenient for Republicans and the right trying to paint the Democratics with a ‘failure’ brush, so they ignore it.
With the right it is ideology first. Country second.

According to the CBO the deficit run up in the first THREE MONTHS of fiscal year 2010 of $390 billion
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“The fact of the matter is, is that most of the increases in this year’s budget . . were not as a consequence of policies that we initiated but instead were built in as a consequence of the automatic stabilizers that kick in because of this enormous recession.”

obama with a democratic controlled house/senate has had a year to cut spending. even with his earlier cuts, only 60% were approved by congress. obama proposes 20B cut on the one hand while with the other he asks for billions more to conduct his wars. yes, they are obama’s wars now since he is potus and commander-in-chief of all armed forces. the buck stops with obama, it’s all on him.

their figures were not meant to be exact predictions of the future and were susceptible to large ranges of error because of the severity and nature of the economic collapse that took place.
Posted by: tierra | Jan 31, 2010 2:00:38 AM
So if this report was so susceptible to large ranges of error, why was it relied on so heavily to pass the stimulus?
I’ve read the plan. It’s pure fantasy especially as it gets into detail about the jobs created directly and indirectly and in the breakdown by industry.
But Bernstein and Romer certainly benefited as they got nice jobs with the incoming administration. I don’t suppose they just told him what he wanted to hear?
From the report:
• Certain industries, such as construction and manufacturing, are likely to experience particularly strong job growth under a recovery package that includes an emphasis on
infrastructure, energy, and school repair.
• More than 90 percent of the jobs created are likely to be in the private sector. Many of the government jobs are likely to be professionals whose jobs are saved from state and local budget cuts by state fiscal relief.
• A package is likely to create jobs paying a range of wages. It is also likely to move many workers from part-time to full-time work.
Anybody see any of this happening? The only sector growing is government (public) which according to this was only supposed to affect 10%.
It’s more than just the unemployment rate farce. The whole think stinks to high heaven. But the left wing continue to soak it in cologne hoping no one will notice the smell – trying to paint it with a “success” brush.
With the left it is elitist power first. Individual never.

More than 4.5-million homes have been foreclosed so far in the unprecedented crisis.
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Similar to the number of homes and homeowners Bush and the Republicans tried to prop up into existence with tax payers money . .. before it all crashed.
Date: Monday, July 1 2002
“President Bush announced an Administration effort to increase home ownership rates among African Americans and Hispanics by 5.5 million by 2010.
“The plan would provide down payment assistance to 40,000 minority homebuyers each year. . . “

Mr. President & Members of both Parties in Congress & the Federal Reserve Board
If you want to solve the Jobs Problem you must First solve the Housing Problem. I believe that my suggestions below will do just that.
I am 63 years old, a VietNam Vet and I was laid off in June of 2009 , which is why I am on Social Security, after working for the same company for 32 years, my wife has been out of work for 2 1/2 years after she was laid off after working for the same company for 24 years. We have 3 children and 5 grandchildren, we are trying to pay all our bills which include our mortgage on the house that we have lived in for over 20 years, but on it is very hard when we only have SS and unemployment coming in. I have a question for you and maybe a suggestion on how people like me can pay their bills, stay in their homes and have money to help get this great country moving and get people back to work.
Since Congress passed the Tarp Funds to help bail out the Big Banks and also helped Bail Out Big Business why can’t the same thing be done to help the American People. My suggestion is as follows:
a. use some of the Tarp Money to help people pay off all the mortgages, only on Primary Homes, this would let people stay in their homes.
b. use some of the Tarp Money to help people pay off all the Student Loans, .
c. use some of the Tarp Money to help people pay off Credit Card, Loans and other debits.
The above would remove all these Toxic Assets from the Banks Balance Sheets.
This doesn’t seem to be a bad idea since in 2008 the population of the US was approx 304,059,724 million people as per the U.S. Census Bureau, according to the US Census Bureau in 2008 the average family size was 3.20. To make the math easier lets say that they average family size is 3 that would me that there were 101,350,241.33 million families in the U.S. in 2008. If the government was to Loan each family lets say $2,000,000 Million Dollars to each family that would come to $202,700,482.66 Million Dollars.
According to the U.S. Census Bureau between 2006 & 2008 there were approx 51,487,282 million homes in the U.S. with mortgages, not sure how many were owner occupied but Only the Owner Occupied Homes would get there mortgages paid off. Something else would have to be done for renters. If people brought homes on speculation something would have to be done for them also. Right now I am concerned about the people, who are still living in their homes but are having a hard time paying the mortgages.
Once people have their homes paid for and have some extra money then they will start to think about spending on the things that they need and that will put people back to work. It would also allow people in their 60′s to not have to work and this will allow the younger generation a chance of getting a job.
On paying back the $202,700,482.66 Million Dollars, since the banks will now have all those Toxic Assets off their Balance Sheets and they will show higher profits a one time special windfall tax could be enacted to get the money back.

“In 2000, then-Rep. Richard Baker proposed a bill to reform Fannie and Freddie’s oversight. Mr. Frank dismissed the idea, saying concerns about the two were “overblown” and that there was “no federal liability there whatsoever.”
Two years later, Mr. Frank was at it again. “I do not regard Fannie Mae and Freddie Mac as problems,” he said in response to another reform push. And then: “I regard them as great assets.” Great or not, we’ll give Mr. Frank this: Their assets are now Uncle Sam’s assets, even if those come along with $5.4 trillion in debt and other liabilities.
Again in June 2003, the favorite of the Beltway press corps assured the public that “there is no federal guarantee” of Fan and Fred obligations.
A month later, Freddie Mac’s multibillion-dollar accounting scandal broke into the open. But Mr. Frank was sanguine. “I do not think we are facing any kind of a crisis,” he said at the time.
Three months later he repeated the claim that Fannie and Freddie posed no “threat to the Treasury.” Even suggesting that heresy, he added, could become “a self-fulfilling prophecy.”
In April 2004, Fannie announced a multibillion-dollar financial “misstatement” of its own. Mr. Frank was back for the defense. Fannie and Freddie posed no risk to taxpayers, he said, adding that “I think Wall Street will get over it” if the two collapsed. Yes, they’re certainly “over it” on the Street now that Uncle Sam is guaranteeing their Fannie paper, and even Fannie’s subordinated debt.”
- WSJ,

Are the salaries and operating budgets of the 40+ Czars amongst the cuts???? Didn’t think so…why not!

After giving congress their pay raises and their budget raises Obama wants to start a spending freeze and cuts. What bull $hit.You make a Freeze across the board every thing gets frozen,you do not wait till congress has fiiled its pockets,and you do not make selective freezes,Reagan Froze the budget across the board and it worked,no favortism on who or what got froze.

Wow..Tapper is trying to make you think that increasing the budget by $250 billion is cutting spending

Where is the headline that Obama is also announcing that the budget for 2011 is going up to $3.8 trillion? Obama is trying to fool people into believing he is cutting
spending when in fact he is increasing spending.

Bravo! Obama jacks up spending and deficits to unprecedented levels and then comes back to the American public and says “Hey, look – I cut $20 billion dollars!” It is an insult to the intelligence of the American people.
This (along with his “budget freeze”) are as pathetic as his $100 million in cuts he demanded of his cabinet last year (BTW – this is 1/9th of what he has pledged to the Palestinians).

“It is an insult to the intelligence of the American people”
Republicans exploit the relative intelligence of the American people all the time.
Like trying to blame the financial crisis on helping lower income people buy homes; or claiming that letting insurance companies sell across state lines will help customers; or lowering taxes on capital gains always increases revenues…and on and on. To the average American $20 billion sounds like alot of money. It’s funny how right-wingers whine about the playing-field they’re on when it works against them.

just more hot air from the puppet master.you voted for change,you got it. how do you like me now?

And let’s not forget that Obama specifically made sure Wall St. bankers got their bonuses because the bankers were Obama’s biggest contributors.
And Obama’s stimulus package has made Wall St. really, really happy while the working people suffer.

It just really makes me angry. You Jake Tapper showed AS unbiased news -
3 different republicans questioning/criticizing the president and his policies and not one NOT ONE response from the president. Just how do you call this FAIR reporting? Very very unfair

Meanwhile…
WASHINGTON — The US Senate narrowly voted Thursday to allow the United States to borrow another 1.9 trillion dollars, boosting the national debt ceiling to a historic 14.3 trillion dollars.
All 58 Democrats and their two Independent allies voted in favor of the increase, which was expected to avert the need for another politically difficult vote on the debt before the November mid-term elections.
Thirty-nine Republicans voted against the measure, while one, Senator Mike Enzi, did not vote.
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Another day, more hypocrisy, more lies, more broken promises from the Democrats and this administration…

Wow, how many of the unvetted czars will be let go in his stupendous 120 person reduction?
I’ll go out on a limb, and say oh, NONE.
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Not even the education czar, the one from NAMBLA?

They are to blame in that they took on things they could not afford.
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Yeah, but the fact is that the majority were making their payments until gas hit $4 per gal. Way to go XOM and those without the stones to tell OPEC to take a hike.

To put that $20 bil in perspective, it’s half the profits reported for one quarter by XOM.

This seems to be the only “news” room …
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You just don’t want to directly call them out on those unasked questions. Rich.

I guess something is better than nothing.. unfortunately, we need to take a look at the unfunded transfer payments and this foreign war money pit.. we can’t do enough with these ancillary programs to have a great effect on our ever growing cancer of debt..

“Propose”- means nothing- it is not a bill-neither law- its just saying something.
Second- the DAILY “interest” on the national debt is in excess of $4.6 billion – a day.
To shave $20 billion-is such equal to 5 days if interest.
And what do” the people” do- nothing.
It is beyond aa joke.

This channel is totally biased against Obama not for him!! In the clip they show of the Obama/Republican discussion they show 3 Republicans explaining their complaints about Obama and not once NOT ONCE do they show a response Obama made to those complaints. I cannot believe how biased AGAINST Obama this news channel has become.

You don’t like Freddie and Frannie and unfairly single them out for biased criticism simply because they are two of the largest companies in the world, and government entities.
Posted by: Skip | Jan 31, 2010 12:51:56 PM
So then you disagree with tierra:
“President Bush announced an Administration effort to increase home ownership rates among African Americans and Hispanics by 5.5 million by 2010.
“The plan would provide down payment assistance to 40,000 minority homebuyers each year. . . ”
Posted by: tierra | Jan 31, 2010 5:14:55 AM
To continue:
“Bush’s plan would be closely tied to some $440 million in minority loan programs offered by Fannie Mae and Freddie Mac. President Bush commended Fannie Mae and Freddie Mac’s efforts-signaling the unlikelihood that he would pursue any changes in the government sponsored enterprises’ congressional charters.” -CBA Reports, 7/1/02

All I can say this man turned out to be one of the biggest fraud, lier and fake this country will ever have had in power. I owe this to all the people who voted him in……God help our country…

I do not fear a man who tells one time a thousand lies. I fear a man who tell one lie a thousand times. Mr. Obama, I have concluded to fear you so.

More theater from Obama. When you really explore what he is proposing in-depth, not much there. Also, Obama’s knocking the Supreme Court like school children during his State of the Union Speech was not only deplorable and low class, HE WAS ALSO INCORRECT WITH WHAT HE WAS SAYING. Later, he tried to worm out of it – he should have just said that he was wrong.

By putting Health Care his highest priority during his first year really identifies Obama as having his priorities screwed up. We have a war to win and ten percent unemployment. Given his attitude toward those items, I don’t see any real change coming. We need a President WHO KNOWS what works and WHAT DOESN’T WORK. Obama has certainly shown us in his first year that he is not the guy.

the Pres is not serious and this shows it to me. how much is to be added to the debt over the next several years. yea right the dems are really going to get the US fiscal house in order. liars
i want them to bring up the fact of SS, Medicare and medicaid eating up around 50% of the budget and going higher, then i will know they are serious and until then a pox on their house

So which is it? Obama the Penny-pincher, Obama the Fiscal Conservative, or Obama the Populist Professor? I can’t figure out what the new and improved Obama is supposed to be!
Is this whole rebranding effort David Plouffe’s idea? If so, Obama should put a stop payment on the check. The Democrats look like a ship without a rudder and it’s heading for the rocks.

GLEN BECK HAD IT RIGHT – ARGUING WITH THOSE WHO DO NOT UNDERSTAND DEDUCTIVE OR INDUCTIVE REASONING IS A WASTE OF TIME. Nite, Nite.

“Larry King is better at interrogating his guests than the Justice Dept. was with the Christmas bomber”
Mitch McConnell
Not only is Larry King tougher, but he spends more time questioning his guests–60 minutes. The bomber was questioned for a pitiful 50 minutes.
Obama wants to hold people accountable then Holder should go. But Obama once again is just running his mouth.

911 was an inside job? With the kind of investigative press that we have in this country if would have been impossible to keep that a secret. Get real!!

The President will propose a 3.8 TRILLION dollar budge and ABC headlines 20 billion in cuts.
What’s wrong with that picture???

A whole $20 billion?! Add a few more zeroes, Barry…and terminate Fannie, Freddie and Timmy G. too…

He crammed a $3.8 trillion budget down our throats. Now he’ll approve a $20 billion spending cut? He knows he’s in trouble and he’s giving us a little of what we need. He hopes if he’s nice, he’ll be re-elected in 2012 — then he’ll jam everything he wants down our throats!

He crammed a $3.8 trillion budget down our throats.
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What is it with all right wing Republicans and things getting crammed down their throats?
Don’t remember hearing that while the Bush administration added as much to the national debt as almost all the other administrations in history combined.
Why suddenly this oral fetish?

According to the CBO the deficit will quadruple this year, from $459 billion in 2008 to $1.845 trillion. Obama has promised to cut that in half in 4 years which would still leave the deficits larger than those he criticized Bush for.

According to the CBO the deficit will quadruple this year, from $459 billion in 2008 to $1.845 trillion. Obama has promised to cut that in half in 4 years which would still leave the deficits larger than those he criticized Bush for.
Posted by: seriously? | Feb 1, 2010 2:26:02 AM
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The deficit for 2009 was $1.3 Trillion dollars before the current President even took office.
When the economy crashes, like it did under Bush (on top of all the Bush tax cuts) it undermines the tax base as automatic stabilizers kick in due to the severe recession.
That is what creates the larger deficit. Bush overspent and undertaxes, but ducked out of office as the economy collapsed – again, not Obama’s doing.

Oh and I forgot about all that pork piled into both the stimulus and the spending bill by our thrifty congress people. Obama signed off on that nonsense too.
Plenty of blame to go around.
How do you solve the problem?

“Last year the president proposed cutting $11.5 billion in discretionary, and Congress approved almost 60 percent of those cuts, for a savings of $6.8 billion. As detailed by the Committee for a Responsible Federal Budget and the Washington Times, this rate exceeds the 40 percent rate the Bush White House achieved in its best year.”

the Bush administration added as much to the national debt as almost all the other administrations in history combined.
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All figures available at the Bureau of the Public Debt, United States Department of the Treasury.

Well, this (ABC) is part of the press. Let’s get them to tighten up a little. Then maybe the rest will. Instead of a Tea Party let’s have a Press Party and let them know we don’t appreciate the tint they put on things. We don’t appreciate the stories they refuse to report or refuse to report accurately.
ABC, don’t bother saying you don’t do it.