Free Markets, Free People
Obama offers nothing in the way of budget cuts
President Obama is asking for budget cuts from his Cabinet:
President Obama plans to convene his Cabinet for the first time today, where he will order members to identify a combined $100 million in budget cuts over the next 90 days, according to a senior administration official.
The budget cuts, while they would account to a minuscule portion of federal spending, are intended to signal the president’s determination to cut spending and reform government, the official said.
Obama’s order comes as he is under increasing pressure to show momentum toward his goal of eventually reducing the federal deficit, even as he goes about increasing spending in the short run to prop up the economy and support his priorities.
That’s it? $100 million? John Miller over at the NRO describes that as a “a rounding error at a Department of Agriculture regional office.” What a joke.