Obama's hoping that that nice big round number impresses you and me. Now $100 million used to be impressive. It is still a little more than a successful blogger makes for his work but compared to the $3.6 TRILLION budget that Obama has proposed for 2010, even he admits that $100 million is no more than a "drop in the bucket." Frankly, that's even a rosy overestimate . . .
The federal government's deficit for the MONTH of March, 2009, was $192.3 BILLION. That's one month. And Obama's "challenge" to his Cabinet is to cut "roughly one-twentieth of 1 percent" from that figure.
Of one-month's overspending!
Andrew Taylor and Calvin Woodward at the Associated Press pointed out that what Obama asked his Cabinet to do is equivalent to cutting a cup of coffee or two out of your household's annual budget. It is like trying to save $6 from a family's $60,000 budget. The cuts would be only 1/10,000 of the Cabinet secretaries' collective annual operating budgets (excluding war costs, the so-called stimulus, various bailouts, and entitlement programs). And the interest on the "stimulus" alone with cost almost $100 million a day, every day, for the next 10 years! (Link to their story here.)
Time to dump some more tea?