Two fucking trillion dollars of savings identified

[Richardo]

CHOKE on that, GOP

[Laura PourMeADrink]

1. lol k&r

[graywarrior]

2. That is some serious shit, right there!

[navarth]

3. Yeah, that was very respectable. eom

[rateyes]

4. Damn. That's the same thought I had. nt

[ayeshahaqqiqa]

5. If you want to work on budget savings

call on a Democrat.

[Jennicut]

7. Seriously. Repubs don't know how to do it. Too complicated for their brains.

[NoSheep]

6. Naturally. That's just identifying part of the money the cronies were siphoning off.

[FrenchieCat]

8. There was soooo much that was good about this speech,

The media obviously forgot about that part!

[Richardo]

9. I wish there was a way to have more than three men on base...

...'cause that was MORE than a grand slam! :patriot:

[FrenchieCat]

13. Kick!

[vaberella]

15. FrenchieCat can you explain this more to me. I don't get this 2 trillion thing. n/t

[FrenchieCat]

16. They are going line by line through the budget programs,

and have already located 2 trillion dollars expanded over 10 years which are spent in programs that do not work. Stuff like subsidizing giant Agri-Farms, etc...

[Richardo]

17. I'm in a corporate procurement department, so when I hear "savings", I pay attention

That was a great moment in a great speech. :applause:

[vaberella]

19. Thanks for bringing this to my attention Richardo.

I probably missed it because I went to pick up my mum from work and missed 50 minutes of the speech.

[vaberella]

18. Are you fuckin' kidding me?! That's brilliant!!! LONG LIVE!!

Wow, now I'm about to fuckin' cry. What the fuck was Bush and idiots doing?! They were wasting that much money. Imagine with more line by line we might be able to save 4 Trillion. That cuts our deficit big time. Shit!!! Fuck! Excuse my potty mouth I'm excited.

[Born_A_Truman]

10. That was a "Dave" moment for me!

I love that movie!

[truebrit71]

11. I was thinking the same thing...that whole 'going through the budget line by line' comment...

..reminded me of that wonderful movie...

[AyanEva]

14. One of the best movies EVAR!

Srsly, I HAVE to watch it whenever it's on. I just need to give up and buy it, I love it so much. I always wished I could vote for Dave. With Obama, I almost kinda feel like I actually did vote for Dave. lol Dave just spells his name a lil' funny.

[DKRC]

33. Absolutely!

Explains the shirtsleeves in the Oval office ~ he's working!

:applause:

[JimWis]

12. Two Trillion - And that's just a start.

[vaberella]

20. I know. This could go into 4-5 Trillion and we might have lost some funds and missed

some zeros. I'm in shock. Thank God!!

[FrenchieCat]

21. Yep. Doesn't include how reforming Medicare Part D will also save trillions,

and pay for universal health care through Medicare!

Here's my research on that! http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=132x8206100

[hughee99]

34. So saving 200 Billion a year for 10 years...

or a little more than the savings they would find by getting out of Iraq. It sounds bigger when he says "2 trillion in savings over 10 years", though

[vaberella]

22. I felt this thread deserved a notable "bump." n/t

[Richardo]

25. Thanks, vaberella

:pals:

[firedupdem]

23. That is just amazing....and they probably didn't have to look hard

to find that much being spent on programs that don't work.

[vaberella]

24. Added to that, they've just started. Imagine when they really start doing

some crazy digging. I'm certain we'll be saving 5 trillion dollars if not more by the end of this. More money for us. Well at least our debt.

[depakid]

26. That would be over 10 years

and probably includes the Iraq war expenditures.

Be interesting (to say the least) to have a look at the details.

[northernlights]

42. It doesn't include the Iraq and Afghanistan war spending...

that will be another trillion or two on top.

[AtomicKitten]

27. Shutting down tax havens should also bring in a wad. n/t

[PBS Poll-435]

28. Agreed

:thumbsup:

[cherish44]

29. Obama's right about farmers getting big fat checks for doing nothing

There are a few millionaire farmers around here who get six figure checks every year from the government for doing absolutely fucking nothing but filling out some paperwork.

[WinkyDink]

31. Isn't Bob Dole one?

[avaistheone1]

39. Those are the big corporate agri businesses.

Small farmers are struggling to survive.

[glitch]

30. Guys, he's only been in office a month or so. Give him a break!

;)

Give him another month and he'll probably find The Stashed Loot from The Bush/Cheney Gang's Great Global Heist of 2008.
No wonder the neocons call him 'incredibly scary'.

[FirstLight]

32. kick...for having a "grown up" going through the budget!!!!

Line by line is my favorie thing from his campaign ...and here are the results!

I am sure that there is money just "laying around" and being siphoned off by countless special and coprporate interests... what about the money that's being given to the MSM to keep reporting from the GOP playbook? What about all manner of "programs" that are really nothing more than little stashes for cronies? You don't REALLY think they spend $30K for a hammer? ...$25K for a toilet seat?

Oh...it will be so sweet to see the transparency movement come sweeping through our government and our society. Obama knows that open society is healthy society - and we can HELP one another SO much more when we are not hiding greed and hatred, or making excuses for that kind of bad behavior. He plans to "Call people out" and it will be amazing to watch

My other favorite line from last night was that this is not the time to "govern out of Anger or the Politics of the moment..."

We are in for the ride of our lives, let's all pitch in and get ON with it!
:woohoo:
GOBAMA! Fired UP!

[Cha]

35. I caught that last night and it should be what the

corporatemediawhores are talking about instead of fucking jindal and Volcanoes.

[Name removed]

36. Deleted message

Message removed by moderator. Click here to review the message board rules.

[OPERATIONMINDCRIME]

38. Begone.

[Fleshdancer]

40. I love it when someone who is wrong calls others gullible. So cute!

Welcome to DU. Now let me know where Iraq comes in:


Agriculture:

The President will propose:

* eliminating the cotton storage payment subsidy ($570 million/10 years); and
* gradually eliminating farm subsidies for farmers who make more that $500,000 a year in sales revenue ($9.8 billion/10 years)

On Education:

Thee President is planning to eliminate the Federal Mentoring Program, a mentoring program that doesn't seem to work very well. (roughly $500 million/10 years)

New Taxes:

1) On people making more than $250,000.

$338 billion - Bush tax cuts expire
$179 billlion - eliminate itemized deduction
$118 billion - capital gains tax hike


2) Businesses:

$17 billion - Reinstate Superfund taxes
$24 billion - tax carried-interest as income
$5 billion - codify "economic substance doctrine"
$61 billion - repeal LIFO
$210 billion - international enforcement, reform deferral, other tax reform
$4 billion - information reporting for rental payments
$5.3 billion - excise tax on Gulf of Mexico oil and gas
$3.4 billion - repeal expensing of tangible drilling costs
$62 million - repeal deduction for tertiary injectants
$49 million - repeal passive loss exception for working interests in oil and natural gas properties
$13 billion - repeal manufacturing tax deduction for oil and natural gas companies
$1 billion - increase to 7 years geological and geophysical amortization period for independent producers
$882 million - eliminate advanced earned income tax credit

[HiFructosePronSyrup]

41. Considering that your guy McCain wanted to spend 100 years in Iraq...

It's really more like 20 trillion dollars that Obama's saving.

[Tatiana]

37. And they haven't even finished going through the entire budget! n/t