The Washington Post reports on the president’s bold move to order his cabinet to identify cost savings in the Federal government:
President Obama plans to convene his Cabinet for the first time today, and he will order its members to identify a combined $100 million in budget cuts over the next 90 days, according to a senior administration official.
So, how much is that, exactly, in terms of spending? Well, let’s take a look. Heritage Foundation drew up a little graph for our edification.
As the AP “Spin Meter” puts it:
The thrifty measures Obama ordered for federal agencies are the equivalent of asking a family that spends $60,000 in a year to save $6.
He’s all about the sacrifice.