Barack Spock

Ramirez. Obama's Savings Sideshow. Forbes.

More: Heritage, The Obama Spending Cut Farce Continues:

And of all the promises that President Barack Obama has broken, his “net spending cut” broken promise is the most flagrant by far.

The Obama administration is clearly aware of the yawning gap between their rhetoric and reality. That is why on April 21, President Obama ordered his cabinet to identify $100 million in spending cuts in each of their agency budgets. Never mind that this cut amounted to just .006% of this year’s estimated $1.75 trillion budget deficit. But the Obama administration’s audacity did not end there. Today the White House will unveil $17 billion in proposed cuts for next year’s budget. While $17 billion is a 1,700,000% improvement on $100 million, it still comes out as a farce when put in the proper perspective:

• First, Obama’s proposed $17 billion cut is still less than half of 1% of his proposed $3.69 trillion FY2010 budget.
• Second, half of the cuts Obama wants to make are in defense spending and were already announced by Defense Secretary Roberts Gates.
• Third, the cuts are half as ambitious as the $34 billion in cuts former President George Bush proposed last year.
• Fourth, the cuts have little chance of actually happening. The Democrat controlled Congress approved less than $2 billion of President Bush’s spending cuts.
• Finally, and most importantly considering President Obama’s October 7 promise to the American people: The proposed cuts, if adopted by Congress, would not actually reduce government spending. Obama’s budget would increase overall spending; any savings from the program terminations and reductions would be shifted to the president’s priorities.

As our own Brian Riedl told USA Today: “These presidents’ budget cuts are typically a public relations exercise, because presidents rarely put the weight of the White House behind these cuts and … allow Congress to ignore them.” And as far as that public relations battle goes, former Congressional Budget Office director Rudolph Penner tells the Washington Post: “They have a long way to go to show fiscal restraint.”

I hope Larry Kudlow has Rick Santelli on his show tonight because I just watched an impassioned debate on CNBC after the president's spurious speech. Frankly, Santelli has a lot of credibility. We know what ruinous spending and phony talk has done to this Dem machine state of Illinois--bankruptcy and tax after tax.

More: Oh, and the president chops funds for investigating and convicting corrupt union bosses, who are essentially stealing from their members.