Obama will cut the deficit in half by end of first term

[burniegoeasily]

http://www.foxnews.com/politics/first100days/2009/02/23/obama-vows-cut-deficit-half-end-term/

"He also said that he wants to reinstate a pay-as-you-go policy on federal spending programs, get rid of programs that do not work and end tax breaks for companies that ship jobs overseas."


So, by his own omission, he is saying he will cut the stinkulus bill by more than half???

[thndrchiken]

Cut the deficit by half by the end of his first term, I have a bridge in Brooklyn that's for sale, also a great deal on beach front property in Arizona.

[jeepkid]

ORIGINAL: burniegoeasily

http://www.foxnews.com/politics/first100days/2009/02/23/obama-vows-cut-deficit-half-end-term/

"He also said that he wants to reinstate a pay-as-you-go policy on federal spending programs, get rid of programs that do not work and end tax breaks for companies that ship jobs overseas."


So, by his own omission, he is saying he will cut the stinkulus bill by more than half???

Couldn't he have cut it easier by axing the spending bill...

[DougMD]

Talk, that's all it is. Rhetoric only counts if it is actually employed. We'll see, but I've heard this before, even from Bush. I'm hoping for "change" with Obama, but so far we've seen only more of the same, on steroids!

[TGRIZWALD]

cant have change with old school politics.

[Centauri]

In his first month, he has increased our defecit by 1 trillion. How can he reverse it?

[James B]

Its called juggling figures, that's the only way he could even come close. BTW with all the worthless money thats out there, how the hell would be ever know or confirm such a story.

[Fieldmouse]

ORIGINAL: Centauri

In his first month, he has increased our defecit by 1 trillion. How can he reverse it?

FYI, smoke and mirrors. He's not done yet. He still has National Healthcare 3.2 trillion and National Banks 2 Trillion.

[stealthycat II]

I want to see that ...... spending a trillion dollars AND cutting the deficit ?

Wow ... he is the Savior if he can do that

[Fieldmouse]

Who was at the summit:
http://www.foxnews.com/politics/first100days/2009/02/23/raw-data-special-interests-dominate-fiscal-responsibility-summit/

So much for keeping the special interests at bay.
For all the talk about reforming government, the bulk of the guests at Monday's Fiscal Responsibility Summit are from groups with clear investments in the Obama administration.
Aside from the 64 representatives from the Obama administration and Congress, a sampling of the 56 "community leaders and stakeholders" shows that no less than seven union chiefs, 10 organizations advancing racial and ethnic concerns, 10 progressive think tanks and advocacy groups, three universities, three health care associations and at least six interests groups for women, seniors, disabled and gay rights groups were in attendance.
Six conservative think tanks and advocacy groups, two health policy organizations and four business associations along with one law firm specializing in Wall Street mergers, one retirement and financial services fund, a John McCain adviser and a representative from the Congressional Budget Office rounded out the guest list.
Unions
John Gage, American Federation of Government Employees
John Sweeney, AFL-CIO
Gerry McEntee, American Federation of State,County and Municipal Employees
Randi Weingarten, American Federation of Teachers
Anna Burger, Change to Win
Dennis Van Roekel, National Education Association
Andy Stern, Service Employees Union International
Health Care Associations
Richard Umbdenstock, American Hospital Association
Nancy Neilson , American Medical Association
Becky Patton, American Nurses Association
HealthPolicy Foundations
Karen Davis, Commonwealth Fund
Drew Altman, Kaiser Family Foundation
Racial and Ethnic Interest Groups
Karen Narasaki, Asian American Justice Center (AAJC)
Dr. Ho Tran, Asian Pacific Islanders American Health Forum (APIAHF)
Gary Flowers, Black Leadership Forum
Eleanor Hinton Hoytt, Black Womens Health Imperative
Maya Rockeymoore, Congressional Black Caucus Foundation
Hilary Shelton, NAACP
Jackie Johnson Pata, National Congress of American Indians
Janet Murguia, National Council of La Raza
Marc Morial, National Urban League (NY)
Seniors, Women, Disabled, Gay Rights Groups
Bill Novelli, AARP
Ed Coyle, Alliance for Retired Americans
Marty Ford, Consortium for Citizens with Disabilities
Ellie Smeal, Feminist Majority
Joe Salomonese, Human Rights Campaign
Heidi Hartmann, Institute for Women's Policy
Left-Leaning Think Tanks and Advocacy Groups
Alice Rivlin, Brookings Institution
Roger Hickey, Campaign for America's Future
John Podesta, Center for American Progress
Larry Korb, Center for American Progress
Dean Baker, Center for Economic and Policy Research
Robert Greenstein, Center on Budget and Policy Priorities
Lawrence Mishel, Economic Policy Institute
John Cavanagh, Institue for Policy Studies
Barbara B. Kennelly, National Committee to Preserve Social Security and Medicare
Al From, Progressive Policy Institute
Robert Reischauer, Urban Institute
Right-Leaning Think Tanks and Advocacy Groups
Kevin Hassitt, American Enterprise Institute
Maya MacGuinneas, Committee for a Responsible Federal Budget
Bob Bixby, Concord Coalition
Stewart Butler, Heritage Foundation
David Walker, Peter G. Peterson Foundation
Peter Peterson, Peter G. Peterson Foundation
Ron Pollack, Families USA
Business Interest Groups
John Castellani, Business Roundtable
Joe Minarek, Center for Economic Development
Martin Regalia, U.S. Chamber of Commerce
Todd Stottlemyer, National Association of Independent Businesses
Universities
Bill Spriggs, Howard University
Fernando Torres-Gil, UCLA
Michael Graetz, Yale
Wall Street Law Firm
Fred Goldberg, Skadden
Retirement and Financial Services Firm
Roger Ferguson, Teachers Insurance andAnnuities Association-College Retirement Education Fund
Former John McCain Adviser
Douglas Holtz-Eakin
Congressional Budget Office
Doug Elmendorf, Director