OMB Director Peter Orszag informs, Obama's budget sleight of hand - claiming savings out ten or so years for scaling back the war, is all good. We always do it when we win a war.
Audacity! I guess this makes Obama's budget the long sought after WMD?
The last time the United States began to ramp down from a prolonged, expensive military engagement, President George H.W. Bush was in office. With the Cold War having just been won, President Bush, for the 1991 budget, proposed a deficit reduction package that included substantial reductions in defense funding.
roughly 200 billion saved in the first year.
8 years of clinton had a 1.6-2 trillion dollar boost.
Posted by: mark l. | Friday, March 06, 2009 at 07:51 PM
We're not fighting WWII anymore either...BIG extended "savings" there projecting it out 60 years.
Posted by: PA | Friday, March 06, 2009 at 08:34 PM
Why, just last month, Obama created 25 new jobs.
Obama headed to hard-hit Ohio to attend a graduation ceremony for 25 Columbus, Ohio, police recruits whose jobs were saved by money from the $787 billion stimulus package he signed into law last month. (and lost 651,000 in Feb.)
http://www.reuters.com/article/marketsNews/idUSN0641743120090306
Posted by: Lala | Friday, March 06, 2009 at 09:29 PM
Is it too much to ask that this admin at least rise to the incompetence level of the Carter administration?
Inquiring minds want to know.
Posted by: irongrampa | Friday, March 06, 2009 at 10:37 PM
About saving money.
The boy ran into the house and said exitedly, "Dad, I saved a dollar today by running home behind the bus."
The gruff father gave him the back of his hand. "Stupid boy, you could have saved five dollars by running home behind a cab."
Posted by: Andrew_M_Garland | Friday, March 06, 2009 at 11:34 PM