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U.S. President Barack Obama is proposing a 17 billion dollar cut for the 2010 federal budget.

Hello, I’m Charlotte Bellis and you’re watching Newsy.com.

CNN highlights criticism from some Republicans who viewed the cut as extremely small.

“It’s as if this was the Kobe desert or the Sahara desert, and you came along and took a few pieces of sand from the desert—it literally will have no impact on the deficit and the debt as we move forward to the out years.” – Senator Judd Gregg (R-NH) (CNN)

FOX News compares Obama’s budget cut to the one proposed by President Bush.

“Last year, President Bush proposed 151 program elimination worth 18 billion and 40 percent of Bush’s cuts are on Obama’s list, so you wouldn’t call that budgetary plagiarism necessarily but the math worked out pretty much the same. Maybe it’s flattery I guess.” (FOX News)

MSNBC talks to the director of the Office of Management and Budget. He defends the cut and explains a crucial factor in spending…

“The key thing, for where the money is, is in health care, it's in Medicare and Medicaid. The rate at which health care costs grow, whether they grow 2% faster than income or 1% or a half a percent faster than income, that is the key thing that drives the budget over the medium and long term and that is why we want to get health care reform done this year.” (MSNBC)

Chicago Tribune’s The Swamp says the budget is likely to get through Congress…

“Obama has pledged to cut the deficit in half, to $533 billion, by the end of his term, still bigger than anything Bush had ever forecast. Bush won his way in spending with a Republican-run Congress. Obama likely will get the same with a Democratic Congress.

The only “change” in this program is the cuts themselves: 0.5 percent.” (Chicago Tribune)

Finally, POLITICO gives us this analysis of the budget request from the view of U.S. voters…

“While voters want the government to do whatever is necessary to rev up the flagging economy, they also harbor nagging suspicions that years of overspending have run up a national debt that could harm future generations.” (POLITICO)

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Budget Cuts: A Drop in the Bucket?

May 7, 2009
(2:20)
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The Obama administration includes a $17 billion cut in the 2010 fiscal year budget, but will that make a difference in the government spending? Newsy.com takes a look.
   
Sources:CNNFox NewsMSNBCChicago TribunePolitico
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