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Monday, April 20, 2009

Obama wants Budget Cuts?

In what amounts to a scene out of Hollywood's version of executive power, President Obama will convene his first Cabinet meeting this morning and order his department chiefs to immediately cut a combined $100 million from their budgets.

Like the main character in the fantasy "Dave," Obama appears to be trying to work the nation's books, though the $100 million figure amounts to a drop in the $3.5 trillion bucket given preliminary approval earlier this month by Congress.

And, it does little to erase the more than $1.2 trillion deficit that has become the rallying cry of fiscal conservatives.

Obama will be asking each department and agency chief for specific proposals for trimming their budgets. He says families are having to make tough financial decisions and need to know the government is spending their money wisely, too.

"If we're going to rebuild our economy on a solid foundation, we need to change the way we do business in Washington. We need to restore the American people's confidence in their government -- that it is on their side, spending their money wisely, to meet their families' needs," Obama said in his weekly radio and Internet address, released while he attended the Summit of the Americans in Trinidad. - FOX News Story

How hard can it really be to cut out $100 Million from the budget? Especially since the budget has risen some $1.5 Tillion +. They have all been given bigger budgets than ever, and now they are asked to collectively cut out $100 Million. What is this for? What is the underlying point that Obama is trying to make?

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