Tuesday, April 21, 2009

Obama's 100 Days 100 Million & 100 Billion

Obama proposes $100 billion U.S. loan for IMF

President Obama came out this week at his first cabinet meeting and told his assembled cast, that he wanted them to make a sincere effort to trim 100 million dollars from their collective agency budgets.

What a wonderful idea. I think I may now be inspired to do more for my own budget this week in solidarity. Perhaps I will not purchase a pack of chewing gum. There! that should be sufficient to mirror the effects on my budget, that Obama's directive will have on the US budget deficit.

And he follows up act one with act two. Which is then to call for 100 billion in American taxpayer dollars to be given to the IMF. And his reasoning is beyond the pale IMO.

In a letter to U.S. congressional leaders, Obama said the U.S. funding "does not represent a budgetary expenditure or any increase in the deficit since it effectively represents an exchange of assets."


Its a change of assets alright. Its called the great scheme of socialist wealth redistribution. Remember that? He said he would do it and now he is doing it and on a grandiose scale.

The American economy is headed toward the cliff? and the president is driving the bus and standing on the gas pedal every inch of the way.

3 comments:

Anonymous said...

100 days of utter disaster is what this man is providing for us all.

Foxwood said...

Obama is counting on our public school indoctrination. After all, it's really hard to think.

Anonymous said...

I can't wait for the 100 day report. When the media attempts to trot out all of his supposed accomplishments.