CNN

A month into office and he finds 2 trillion dollars to cut...I think this just illustrates how pathetic the Bush administration really was.

Obama just finish pushing through with interest over a trillion dollars of spending, which 80% of the people you talk to agree it had alot of pork and alot of UNNECCESARY spending in it.
Now he wants to cut out waste and unnecessary spending, and go through the budget line by line.
Why didn't he go through the so called stimulous pkg. line by line, he should have started the spending cutting with that.
To spend 2 trillion between the bail out and the stimulous just to cut back 2 trillion is like taking 2 steps forward two steps back, where does it take you? NO WHERE!

Cuts in Defense.

Christ-on-a-crutch, will you look at that photo, for Pete's Sake? It looks like "the nattering nabobs of nit-wit-ism."

You want to restore "fairness" to the tax code? Fine, make it an even 12% for ALLLLL Americans regardless of their income and success. Dr. Martin Luther King said, "I have a dream that one day this nation will rise up and live out the true meaning of its creed: 'We hold these truths to be self-evident: that all men are created equal.'"

If we're all equal, why are some forced at gunpoint to hand over MORE of what they have earned than the next person, while others contribute nothing at all?

"There can be no liberty unless there is economic liberty."
-Margaret Thatcher

Thtas more like it!
Cutting the size of governemnt rather than expanding it.
Maybe theres hope for Obama after all!

That's terrific!

Except that since he doesn't have a line-item veto, it means absolutely nothing!

This is ridiculus!!! He is in over his head... Ears too. We are screwed!!!

SELLING,,,,,,,,,,,SAND,,,,,,,,,,,IN,,,,,,,,,,,,,THE,,,,,,,,,,MIDDLE,,,,,,,,,,,EAST,,,,,,,,

WHY,,,,,,,,,,,DIDN'T,,,,,,,,,,YOU,,,,,,,,,,,,CUT,,,,,,,,,THAT,,,,,,,,,,,BEFORE ? ? ?

Let's see... $2 billion over 10 years. That's $1 billion over five years. So Obama blows in one month a wad that it'll take half a decade to save.

Good old Washington economics...

We'll see if the Repugs can be non-hypocritical in one instance, and follow their principles by supporting the spending cuts proposed by Obama

Thank you, President Obama I'm 50 yr's old, but I care for my 4 grand,(6, 5, (2)4).

That's great, but over 10 years (which is the scope he said that he could find $2T), we will have budgets on the order of $35T. So what he really said was that he found a way to save about 6% of the budget. Granted, that's a good start, but that will hardly cut into those $1T deficits as far as the eye can see. Hopefully he will find much more.

I'll believe it when I see it.

now balance to the tax code. let me think,

i know someone has read it and understood it but it wasnt me.

i read some and had no clue. so how are they going to do balance?
and as far as fair i havent seen that yet.

just look at the audit's and the immediate action to freeze everything you own and dont own.

My president, I mean, OUR president inspires me and I haven't been inspired since JFK. Makes me want to go out and work in my community. I am so proud to have a president who is the People's President.

this sounds good but one question, how are they going to know if the line item works or not?

ARE YOU STILL LAUGHING AT JINDAL, WHAT A REPUBLICAN JOKE.

This Veteran stands with you Mr.President!

"Fairness and balance to the tax code"... that means there will be a flat tax that EVERYONE pays, right?

No, it means he plans to increase taxes on everyone making over 50K and give money to everyone making nothing so they can continue to sit on the fat butts and make nothing, do nothing, contribute nothing...

If Obama cuts military spending, as he plans, he will be responsible for its inadequacies just as Clinton was for reducing their capabilities.

Obama Says Allot But Does Not Give Details, He says He Is Going To Cut Spending, And He Spent More Money Than Any Other Pres. He Says He Is Going To Change Washington Yet He hairs Tax Cheaters And People That Hide Money In The Freezer. Well With A Dem. Majority In The House And Sen. They Feel That They Can Get Away With Everything !!! But They Can' t Blame The Republican's

AMAZING. But what was REALLY amazing IS that FINALLY the American public will KNOW WHAT THE COST OF THE IRAQ WAR HAS AND IS COSTING............ WHY DID BUSH HIDE IT?????????????????

Awesome, keep up the great work!

My father's auto parts manufacturing company has survived for 43 years, one of the first owned African American companies of this kind. After my father's death in 2005, my brother took over and my husband continued to work for the company until now. Now, my brother laid off my husband and the company my father left to my brother is on the brink of collapse due to the serious problems in the auto industry. Never before would I have ever thought this economic crisis would present itself on my family's doorsteps. I pray that Obama's economic plan brings prosperity back to our nation. While some may criticize him, I salute him for at least taking action and not standing by and doing nothing.

THank you Mr. President. We are 100% behind you. And if you need us any time, call us, and we would tell republicans who exactly got us into this mess.

SO

HE IS GOING TO SPEND 1.3 Trillion OVER budget each year.

But in 10 years he will cut 2 Trillion. Wow. Do the math Barack.

You are going to add 4.6 Trillion to the national debt in 4 short years.
But in 10 years you are going to find 2 trillion in savings.

Your rhetoric is a joke. ADMIT what you are. Admit your SOCIALIST agenda. Raise taxes. Increase spending. I thought President BUSH was bad when it came to 5 Trillion in 8 years, THIS guy is even worse.

Redpublicans are complete Morons. America could see a real cost savings if we abolish the entire party.

FOR STARTERS , HE SHOULD OF STATED , TO PELOSI , STARTING TO MORROW , ALL WE WILL PAY FOR YOUR TRIPS BACK AND FORTH TWICE A WEEK IS ON A GREYHOUND. THAT BIG JET AT $60,000 EACH WAY IS COMING TO A HALT. THAT ALONE WOULD SAVE THE TAX [PAYERS $5,760,000 ANNUALY.

NEXT ACORN , IS LEFT OUT . WE ALL KNOW THAT WOULD NEVER COME ABOUT , FOR THEY ARE THE ONES THAT BOUGHT THE WHITE HOUSE FOR HIM .

REMEMBER WHEN THEY TOLD THE AUTO MAKERS TO STOP FLYING.

PRATICE WHAT YOU PREACH. .

Gov Ja is a grandstander. he is already running for office instead of taking care of his state which is still in need of recovering from Katrina. Tell him to shut up and deal with his state's problems.

I hope Pelos was listing about "wastefu;l" spending and she and her co-horts don't plan on wasting anymore Taxpayer money on political junkets!!!!!!! Also they need to seel the Luxury Airplaines congr4ess uses and as Obama stated his helicopter he has now is fine; he doesn't need any new ones!!!!
My biggest concern is contractor who will overcharge and overinflate the cost of projects that would create jobs. More often than not their private wealth increases while the number of jobs created is minimal or they hire illegals
It's about time someone put their foot down for companies that move jobs offshore and get the benefit of write-offs; also that get government contractsand move the jobs offshore.

I am more inspired by our President but when I looked around Congress I got really depressed because they all have their OWN PERSONAL AGENDA or THEY OWE SOMEBODY and that usually does not mean us, the voters.

No one can deny he is atleast trying ... unlike the Republicans who claim to want to work with the president but really mean will only agree with ideas they want – like giving money to their blood sucking billionaire friends.

Where was the republicans "outrage" when bUSH and cHENEY "the Lord Sith" spent us into the hole we are in now – for a war they lied about to get us into?

"I have not yet begun to spend !" – B. Obama

Line by line over the budget, but not a glance at the 1,100 pages of a pork filled stimulus?? Read 'we got what we wanted, now time to cut what we didnt want...'. Thanks, BO.

As an O democrat, it was a typical democratic speech. The hope is still present but the change has only been in unifying the democratic party. We need to go forward together to unite the country.

We could send Pelosi to Walmart for her wardrobe and probably save millions.

Okay enough of the theater. The country is now moving into the third phase and the most important where all factors will test his ability to carry out his promises in controlling the deficit and peace.

This is why I voted for the guy.

There is no way that he will rein in the Democrat controled "spend happy" Congress. He could not do it for the Simulation Bill and he will not do it for future budgets.

This is a bowl of Lucky Charms Obama is pouring filled with rainbows and unicorns with little reality-based thinking.

What I want to know is why it took our government so long to do this in the first place.

McCain where is Osama???? You said during your presidential run that you knew where Osama was and how to catch him. We are waiting!!!!!

See, this is why Barack Hussein Obama was elected President of the United States of America !