In a comical move, President Obama has convened his cabinet chiefs to examine how they can cut $100 million out of the uber-trillion dollar budget. Just to put this in perspective, Obama is asking them to cut the budget by 1/35,000th of the total size.
In the grand scheme of things, Obama is going to cut the budget by 0.002857%.
Just for an example. Let’s take a household income of $50,000 which is about average. If you cut the same percentage Obama is cutting from the federal government, you’d be cutting about $1.43 from your annual spending. That’s correct, one dollar and forty-three cents from a $50,000 budget. That’s the same percentage Obama is cutting from the federal budget.
Fox News reports:
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.
Obama wants his Cabinet agencies to report a collective $100 million in savings in the next 90 days.
It’s like spending billions and then making up for it by saving an extra $20.00 as “fiscal responsibility.”
I guess it’s a ridiculously small start to an out-of-control budget and ever-growing big brother in form of Obama’s socialized government. Some might even call it a “token gesture” to a nation sick and tired of expanding government.