Obama vows deep cuts in spendingWow 40 billion is a lot of money you may be thinking, but you would be wrong. To put this in perspective the federal governments total projected outlays for 2009 are 3.107 trillion. So this 40 billion slash will make just over a 1% difference. A real blue light special. Don't worry I'm sure Obama has a hug your neighbor initiative to spend the savings on.
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Sep 22, 2:53 PM (ET)
By MIKE GLOVER
GREEN BAY, Wis. (AP) - Democratic presidential nominee Barack Obama moved to claim the mantle of fiscal responsibility in a roiling economy, vowing on Monday to slash federal spending on contractors by 10 percent and saving $40 billion.
Monday, September 22, 2008
Political Spin
Cafe Hayek brought this little gem of a story to my attention,
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