Ramirez puts Obama cost savings in “perspective”

posted at 8:47 am on July 30, 2009 by Ed Morrissey

I wanted to write a post yesterday about the White House’s proud announcement that they had finally hit their goal of finding $100 million in cost savings to show their fiscal responsibility.  How best to show the ridiculous disparity between the Obama administration’s spending as opposed to this relative pittance — 0.006% of the deficit, as per the Wall Street Journal?  Thankfully, Investors Business Daily editorial cartoonist Michael Ramirez captures it perfectly in “Perspective”:

Bear in mind that even if one accepts the excuse that Obama routinely offers — that he inherited a $1.3 trillion deficit — he has expanded it by more than half, $700 billion, in six months (and of course, the Democrats controlled Congress and the last two budgets — including then-Senator Barack Obama).  In fact, we’re not sure if that’s still the number, because while the White House sends out press releases about saving $100 million, Obama has delayed reporting on the budget numbers that were due midway through this month.  One presumes that the Obama administration didn’t find much evidence of their fiscal responsibility in those numbers, or we would have seen them already.

Instead, Obama wants to brag about the guppy they managed to catch while they let the big fish get completely away from them.

Ramirez has a terrific collection of his works: Everyone Has the Right to My Opinion, which covers the entire breadth of Ramirez’ career, and it gives a fascinating look at political history.  Read my review here, and watch my interviews with Ramirez here and here.  And don’t forget to check out the entire IBD site, while individual investors still exist.


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Barack Obama’s tonsils have come home to roost.

bloggless on July 30, 2009 at 8:49 AM

they found 100 million in the domestic budget to “save” but have no trouble nuking the DoD budget by 60 billion and counting….

when no if when we get nailed again you have a duty to say loudly and repeatedly….”we told you so”

sven10077 on July 30, 2009 at 8:50 AM

$100 bills, strung end-to-end for one mile, would equal $1 million.

That same chain of $100 bills would have to circle the earth 40 times to equal $1 trillion.

beatcanvas on July 30, 2009 at 8:50 AM

Instead, Obama wants to brag about the guppy they managed to catch while they let the big fish get completely away from them.

Although just as meaningless, I suppose bragging about guppies is better than claiming about non-existent job creation or lying about what was promised with the stimulus bill.

highhopes on July 30, 2009 at 8:51 AM

That same chain of $100 bills would have to circle the earth 40 times to equal $1 trillion.

beatcanvas on July 30, 2009 at 8:50 AM

Something tells me the environmentalists would object to that.

highhopes on July 30, 2009 at 8:52 AM

This is just like a guy who robs you but leaves you 10 bucks for cab fare. Obama and company are a bunch of crooks. And our great grand children are going to wind up paying for this mess.

Johnnyreb on July 30, 2009 at 8:55 AM

Something tells me the environmentalists would object to that.

highhopes on July 30, 2009 at 8:52 AM

But, those bills are green. :-)

coldwarrior on July 30, 2009 at 8:55 AM

Makes me also think,as a cartoon,the little innocent fly
will represent the 100 million in budget cuts that Obama
murdered,and Obama’s shoe,representing the budget,will re
present Obama stepping on it!!

canopfor on July 30, 2009 at 8:56 AM

does this mean were not getting gub-mint cupcakes?

SHARPTOOTH on July 30, 2009 at 8:57 AM

As a metaphor, I suppose a baby chick and a giant turkey would be more apropo for Obama’s spending plans and budget cuts.

jon1979 on July 30, 2009 at 8:57 AM

A political cartoon worth more than a trillion dollars words.

Good Lt on July 30, 2009 at 8:59 AM

Same slight of hand methods. They take a Trillion dollar bill and reduce it by a few million and call it success. Then, prior to passage they add amendments that increase it to its original size or larger. Same thing they done with the Stimulus bill.

hillbilly on July 30, 2009 at 9:00 AM

So while the rest of government is scrimping to save that $100 million (which BTW is a good thing), the Obamas are demonstrating what BHO means when he tells Americans to “Buck Up” by renting a $35,000 to $50,000 a week mansion on Martha’s Vineyard while the taxpayers continue to pay for the up keep of Camp David, the official Presidential retreat.

katablog.com on July 30, 2009 at 9:01 AM

What an idiot. Whales are not even fish.

James on July 30, 2009 at 9:03 AM

Warranted Ridicule.

Very effective.

BuckeyeSam on July 30, 2009 at 9:04 AM

Similarly, “Scientists Discover President Obama’s Budget Savings With Electron Microscope” http://optoons.blogspot.com/2009/04/scientists-discover-president-obamas.html

Mervis Winter on July 30, 2009 at 9:05 AM

Wife: We owe $56,000 on our Visa card. We need to stop spending money.

Husband: Don’t worry, I just figured out a way to save $2.19 from our grocery bill. Let’s go buy a new TV.

angryed on July 30, 2009 at 9:06 AM

Where’s my cupcake?

ladyingray on July 30, 2009 at 9:07 AM

“You know that $1,000 I owe you? Howsabout if I pay you .6 and we call it even?”

Akzed on July 30, 2009 at 9:11 AM

Most of these cuts sound like things the government shouldn’t be spending money on in the first place. A good place to start on budget cuts would be the salaries and benefits the morons who come up with this nonsense. That should be worth at least $100 billion right there.

Tommy_G on July 30, 2009 at 9:12 AM

Tree is the budget cuts!

The forest is the Budget!

Can’t see the budget for the budget cuts!!

canopfor on July 30, 2009 at 9:18 AM

Barack Obama has a very strange way of looking at things to say the least. A trillion is nothing but a 100 million is everything. He, the President of the United States, a Black Governor, a Black mayor, and a wealthy Black Harvard professor gang lynch a $40,000.00 a year white cop for oppressing them. The man is clearly sick in the head.

HalJordan on July 30, 2009 at 9:32 AM

Right?!?! Listen up, folks.

The President has cut $100 Million from the US budget by insisting we make double sided copies and stop repainting brand new trucks with Forest Service colors instead of the color they were bought with, but he then demands his Defense Secretary find $60 Billion dollars in cuts in DoDs budget throughout the Army, Air Force, Marine Corps, and Navy (10% of the DoD budget) when the Armed Forces are fighting wars in two countries and several theaters worldwide, so he can pass his Healthcare, Cap and Tax, and Card Check initiatives. He will pass his agenda over the bodies of our troops and the carcasses of aircraft, ships, tanks, trucks, and ammunition we desperately need to win the wars we are engaged in.

The Soviet Union’s Revenge….. Barak Obama.

Now I’m truly pissed.

Subsunk

Subsunk on July 30, 2009 at 9:32 AM

Wife: We owe $56,000 on our Visa card. We need to stop spending money.

Husband: Don’t worry, I just figured out a way to save $2.19 from our grocery bill. Let’s go buy a new TV.

angryed on July 30, 2009 at 9:06 AM

Perfecto.

HalJordan on July 30, 2009 at 9:34 AM

Something tells me the environmentalists would object to that.

highhopes on July 30, 2009 at 8:52 AM

ONLY after picking up what they consider to be their fair share. Wealth redistribution, ya know.

Yoop on July 30, 2009 at 9:40 AM

Military Ordered To Find $60 Billion in Savings Over Next Five Years
The military will need to come up with $60 billion in savings over the next five years to pay for new priorities to be set by the Defense secretary, a top Pentagon official said Tuesday.

The order from Defense Secretary Robert M. Gates is based on an assumption that there will be no real growth in defense budgets over the next five years, a radical departure for a department whose budgets have increased more than 80 percent since 2001.

Pentagon officials say new spending priorities will be informed by an ongoing review of the nation’s military posture, known as the Quadrennial Defense Review. The review is a deep analysis of the overall structure of the military, meant to guide overall planning and program decisions.

One of the driving factors so far in the evaluation is the prospect that defense budgets largely will be static in fiscal 2011 through fiscal 2015, said David Ochmanek, deputy assistant secretary of defense for force transformation and resources.

The military services must “find offsets” to make room for the new capabilities that Gates wants to add or expand, he said. “They’re now busily looking for those billpayers,” said Ochmanek. “That’s how the zero growth assumption manifests itself.”

In late August, the military services will submit their budgets to the Pentagon leadership, which will use those figures to negotiate with the White House Office of Management and Budget, he said. Pentagon planners hold out hope that more money could be forthcoming.

The $60 billion in offsets will be directed toward research and procurement accounts, Ochmanek said. Michael Goldfarb at the Weekly Standard

I’ve done this before. Willy Clinton asked us to do this too. Anyone want to bet that once the Armed Forces say they can live without such and such a program, it will keep being funded? Not on your kids lives will that happen.

And why does anyone think Gates has a better plan to modernize the Forces than Rumsfeld, who gave up his modernization plans once the wars started, in the interests of concentrating on the wars we were involved in? If we want to improve the Forces, then take the plans off the drawing board from 4-6 years ago and use them! Otherwise, this is all a smoke screen to cut $60B from Defense to pay for union kickbacks and ACORN handouts.

Subsunk, out.

Subsunk on July 30, 2009 at 9:41 AM

I will say it again and again until hopefully it begins to soak in IT IS CONGRESS THAT IS THE BUDGET PROBLEM!
Presidents propose budgets and sign them; that’s it all the horror gets created and packaged up in Congress. That’s why presidents mean far less on deficit issues than presidents. It’s why radical changes in the Oval office (and Reagan was a radical one) mean little in spending after the first budget or two.

michaelo on July 30, 2009 at 9:43 AM

Cupcakes in Mom Jeans!!

canopfor on July 30, 2009 at 9:47 AM

Oops,wrong thread!

canopfor on July 30, 2009 at 9:47 AM

a pound of flesh…

maverick muse on July 30, 2009 at 9:47 AM

$800million to disassemble a desk, move it, reassemble it.

maverick muse on July 30, 2009 at 9:49 AM

I don’t know if she has a book you can push, Ed, but I think you ought to follow Lisa Benson too (see, e.g., http://www.gocomics.com/lisabenson – there are probably better links, but that’s the one I check out for the dailies). Just as good as Ramirez, IMHO.

zerosheep on July 30, 2009 at 10:02 AM

beatcanvas on July 30, 2009 at 8:50 AM

Here’s something I wrote a while back:

Here’s an exercise to help grasp the concept of one trillion. Take a one dollar bill out of your wallet and feel its weight. The weight is almost negligible, right? Now, imagine how much that would weigh if you multiplied it by one trillion.

The result is 2,200 metric tons. This is the approximate weight of five fully loaded Boeing 747s.

Vic on July 30, 2009 at 10:12 AM

They cut $100 million from the budget now, but who knows how much of that they’ll put back in or attach it to another bill. I think this $100 million thing is a load of crap. Do you really think they aren’t going to forget what that money for. Buying Votes. It will be back.

Brat4life on July 30, 2009 at 10:14 AM

Ramirez gets it. We’re lucky to have him.

I do miss C&F though but Ramirez is really good too.

Yakko77 on July 30, 2009 at 10:32 AM

My favorite savings is they are now going to print on BOTH sides of paper to save paper.

So, how many new printers will need to be bought that can print on both sides?

Now THAT’s stimulus. Of couse the printers are not manufactured in the US.

barnone on July 30, 2009 at 10:45 AM

barnone on July 30, 2009 at 10:45 AM

Plus those more expensive printers tend to use more ink per page printed and cost more to service/repair which will wipe out any ink savings.

Once again….FAIL!

angryed on July 30, 2009 at 10:59 AM

wipe out any **paper** savings that is.

angryed on July 30, 2009 at 11:00 AM

Subsunk on July 30, 2009 at 9:41 AM

Carter did the same thing after Nam which then led to Reagan needing to rebuild the military.

chemman on July 30, 2009 at 11:14 AM

Speaking of Carter and paper…

I can remember when the government, under Carter, declared that 8 1/2 by 11 paper was a waste, all that unused selvage, so they demanded 8 by 10 paper for all government offices, to include the military…actually cost far more than they hoped to save.

And remember those microscopic postage stamps from the Carter Era? Another attempt to save money, save the trees, too, that ended up with more costs than savings realized.

When you are down to your last twenty bucks, and you don’t think your job is gonna last and you owe thousands, that old fashioned “stop spending” and cut down on things you don’t need seems to be a prudent way to go.

Saving a few million here and a few million there while enabling spending of trillions is just plain nuts.

Next stop…smaller-sized currency with a lot more zeroes added to the numbers? The Weimar Republic comes to mind.

coldwarrior on July 30, 2009 at 11:24 AM

You blind guides! You strain out a gnat but swallow a camel. – Matthew 23:24

kirkill on July 30, 2009 at 11:24 AM

The Soviet Union’s Revenge….. Barak Obama.
Subsunk on July 30, 2009 at 9:32 AM

Well, duh.
Though they actually intended it as a first strike…

Count to 10 on July 30, 2009 at 11:26 AM

If I’m not mistaken, the 2009 (last Bush budget) was 2.9 trillion before it was ballooned by all the ”emergency” spending of the last six months. So the graphic should be 100 million vs. 3.9 trillion. (Not counting the other roughly 2 trillion in guarantees on top of that).

Some day we’ll look back at this time and laugh,
and then go back to digging up taters.

sannhet on July 30, 2009 at 11:41 AM

The IBD editorial content is a daily source of pure common sense analysis.

A commodity that is nearing the endangered species listing.

CommentGuy on July 30, 2009 at 1:13 PM

What an idiot. Whales are not even fish.

James on July 30, 2009 at 9:03 AM

They’re both aquatic animals and the size gets the idea across very effectively. A very good illustration in a cartoon.

TooTall on July 30, 2009 at 1:23 PM

What an idiot. Whales are not even fish.

James on July 30, 2009 at 9:03 AM

Makes the point that the budget “cuts” and the budget aren’t even in the same class!

Christian Conservative on July 30, 2009 at 1:34 PM

It is not a fish.

It is a sea kitten.

Didn’t ya’ll get the memo?

coldwarrior on July 30, 2009 at 3:38 PM

Yeah…(laughter).

He cut 100mil of obvious no-brainer spending, then increased the deficit by another trillion or so, then threatened the CBO with an obamacide if they continue to balk at his numbers fudging.

Sure, he’s SO believable.

Spiritk9 on July 30, 2009 at 3:54 PM

Same slight of hand methods. They take a Trillion dollar bill and reduce it by a few million and call it success. Then, prior to passage they add amendments that increase it to its original size or larger. Same thing they done with the Stimulus bill.

hillbilly on July 30, 2009 at 9:00 AM

True, and instead of calling it “three card molly” lets just call it “three card mom jeans”

That’s all I could come up with as a take on the three card molly scam, anyone else care to add a better one?

Liberty or Death on July 30, 2009 at 5:30 PM

Looks like there is a scale problem there… that smaller fish is much too large.

painfulTruthDisciple on July 30, 2009 at 8:07 PM