(Note: PWA = “Politics with Aardvarki”!)
Today’s topic: Obama vows to halve federal deficit
Today’s article: William Branigin, Obama Vows to Cut Federal Deficit in Half.
Hey there y’all! (Ugh… I can’t believe I just used that expression…) Looks like it’s that time again: politics time on Bri’s Own World!!! (Don’t all cheer at once, jeez.) Anyhoo… the topic of discussion today is the fact that President Obama just today vowed to halve our nation’s deficit by the end of his first term of office (that’s by 2013). And the current deficit is… lemme see [type type type…click…*gasp*]: $10,850,171,797,932.02. and half of that is $5,425,085,898,966.01. So this is what Obama plans to reduce our deficit to by 2013. And that’s a lot of money. (In case nobody noticed that). He plans to reduce this by cutting and trimming costly activities such as the War on Terror, tax cuts for the rich, restructuring health care policies, and taking a second look at a brand new fleet of presidential helicopters costing $400 million apiece.
To me, this seems like a lot of big talk. I’m skeptical to say the least. But I guess I’ll have to reserve my judgment until 2013 before I can decide whether or not this is “all talk and no action.” It seems like if we pull out of Iraq in the near future (which seems like an empty hope), that will contribute a lot to the deficit (it’s cost us about 600 billion so far). And I’m always for retracting those stupid tax cuts. But is this really enough to halve the massive federal deficit by 2013? For now, I am reserving judgment, but am extremely skeptical. And how about you? Is this prospect possible, or is this merely big talk?
