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Obama to Order Cabinet to Quickly Cut $100 Million From Department Budgets

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babylonsister Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-20-09 07:23 AM
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Obama to Order Cabinet to Quickly Cut $100 Million From Department Budgets
Obama to Order Cabinet to Quickly Cut $100 Million From Department Budgets

By Michael A. Fletcher
Washington Post Staff Writer
Monday, April 20, 2009; 12:08 AM


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.

Earlier this month, both chambers of Congress passed Obama's $3.5 trillion budget outline for 2010, which includes unprecedented new investments in health care, education and energy. But the huge budget, which contemplates a $1.2 trillion deficit, has drawn the ire of small-government conservatives who say that the deficits jeopardize the nation's economic future.

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http://www.washingtonpost.com/wp-dyn/content/article/2009/04/19/AR2009041902009.html?hpid=topnews
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doc03 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-20-09 08:52 AM
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1. Oh come on $100 m, they probably
spend that much on coffee and donuts each week. I don't know what percentage of the budget that is my calculator won't even hold $3.5 trillion. Maybe 1000th of 1 % or so at most?
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