CNN is now reporting that President Obama is going to be donating his $1.4 million Nobel Prize money to charity.
While President Obama should be lauded for giving to those in need, certain organizations need more money than others. For example, the Congressional Budget Office revealed yesterday that this one institution named “Congress” has a budget shortfall that is expected to hit $1.4 trillion dollars.
Perhaps President Obama could put his $1.4 million, no small sum, into paying off .00010% of the federal deficit?
…or maybe he could see that it be put to paying off 0.00017% of the 2009 stimulus package?
…or possibly he could have it cover a 0.00018% share of the Baucus healthcare bill?
The fact of the matter is that the $1.4 trillion dollar deficit, and the future taxes necessary to pay it off, will harm charities far more than a $1.4 million dollar donation anywhere. If President Obama is serious about helping charities, he can do much more than donating his prize money to them.
Indeed, he could compliment his charitable giving by cutting spending and easing America’s tax burden, thus allowing the charitable and voluntary sector flourish on their own.
Who knows? An effort like this, which would improve the lives of countless millions, might actually be deserving of a Nobel Peace Prize.
4 responses so far
1 balconesfault // Oct 10, 2009 at 10:35 am
He could ease America’s tax burden, and let the charitable and voluntary sector flourish on their own.
I’ve been thinking for years that David Koch could accomplish exactly the same thing by contributing to the Federal Government some of the millions and millions he spends on the Cato Foundation and AEI, etc.
Oh wait … that’s a pretty silly, specious comment? Yeah, probably. But it does fit the tone of this post.
2 A Ku Indeed! » Archive » Effects of the 24 Hour Blog Cycle // Oct 10, 2009 at 11:53 am
[...] Tim Mak’s post here at New Majority criticizing (right, criticizing) Obama’s decision to donate his 1.4 million dollar Nobel Award to charity is an example of what happens when you are (a) paid to blog on a very regular basis, (b) paid to be critical, and (c) paid to be partisan. The result: on some days your never ending search for things to be critical about come up empty, so you are forced to make some very stupid posts. [...]
3 rbottoms // Oct 10, 2009 at 6:10 pm
Love conservative concern trolls.
4 J2 Portfolio » Obama a good decision for Nobel Peace Prize? // Oct 12, 2009 at 1:00 pm
[...] Obama said in an email said ” That is why I’ve said that I will accept this award as a call to action, a call for all nations and all peoples to confront the common challenges of the 21st century. These challenges won’t all be met during my presidency, or even my lifetime. But I know these challenges can be met so long as it’s recognized that they will not be met by one person or one nation alone.” Obama is also Donating the nobel prize money (1.4 million dollars) to charity. http://www.newmajority.com/14-million-goes-a-small-way [...]
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