Obama Pledges to Cut Wasteful Spending

[Amerigo Vespucci]

Run time: 01:36 https://www.youtube.com/watch?v=Q0bhGXpIwlg   Posted on YouTube: November 25, 2008 By YouTube Member: Views on YouTube: 0   Posted on DU: November 25, 2008 By DU Member: Amerigo Vespucci Views on DU: 628

 

[prostock69]

1. Start with Faith Based Initiatives

[deepwater152]

2. the bailout is the biggest waste of all

If we add in the Citi bailout, the total cost now exceeds $4.6165 trillion dollars. People have a hard time conceptualizing very large numbers, so let’s give this some context. The current Credit Crisis bailout is now the largest outlay In American history.

Jim Bianco of Bianco Research crunched the inflation adjusted numbers. The bailout has cost more than all of these big budget government expenditures – combined:

• Marshall Plan: Cost: $12.7 billion, Inflation Adjusted Cost: $115.3 billion
• Louisiana Purchase: Cost: $15 million, Inflation Adjusted Cost: $217 billion
• Race to the Moon: Cost: $36.4 billion, Inflation Adjusted Cost: $237 billion
• S&L Crisis: Cost: $153 billion, Inflation Adjusted Cost: $256 billion
• Korean War: Cost: $54 billion, Inflation Adjusted Cost: $454 billion
• The New Deal: Cost: $32 billion (Est), Inflation Adjusted Cost: $500 billion (Est)
• Invasion of Iraq: Cost: $551b, Inflation Adjusted Cost: $597 billion
• Vietnam War: Cost: $111 billion, Inflation Adjusted Cost: $698 billion
• NASA: Cost: $416.7 billion, Inflation Adjusted Cost: $851.2 billion

TOTAL: $3.92 trillion

[monmouth]

3. Also those non-farmers getting millions need to be put on notice...n/t

[SharonAnn]

4. Start with the private medicare plans. We're subsidizing them because they want more money.

[Sherman A1]

5. I can think of a 5 sided building just across the river from the White House

that could cut it's budget by about 50 to 75% and I think that would cover just about everything we need for the rest of the expenditures.

[KG]

6. start w/ the military

phoney wars and useless bases in over 100 countries.

[cooolandrew]

7. It's funny but the president elect sign for the time being looks more powerful than

the presidential logo. All set to change 20.01.09. Amen to that.

[democracy1st]

8. Iraq War cut that sh...