The three-year plan will be part of the budget Obama will submit Feb. 1, senior administration officials said, commenting on condition of anonymity to reveal private details.
On the surface, which is how most people look at these things, it sounds good. Liberals are apoplectic about the plan, which has to be good. But, a quick look at the numbers shows that this -- yet again -- might be a Barack Obama phony photo-op.
The savings would be small at first, perhaps $10 billion to $15 billion, one official said. But over the coming decade, savings would add up to $250 billion.
Now, $15 billion off the annual budget is a lot of money, no doubt; but when you consider that the federal budget for 2009 was $3.5 trillion. You do the math; too many zeros for me.
The proposals (Obama) described won't create jobs, but he said they could "re-establish some of the security that's slipped away."
That's certainly good news for the more than 15 million people out of work. I am sure they all will feel more "secure" when the late fees on bills add up, the cancellation notices appear, the foreclosure warnings start; with the sheriff knocking on the door, take heart that Obama has taken out his scalpel, left the hatched behind, and plans to nick 0.004% off his spending next year. I think that is roughly equivalent to the average family clipping a coupon to get a free box of Cheerios.
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