April 20, 2009
— Ace My words, but that's about what they say.
Cut a latte or two out of your annual budget and you've just done as much belt-tightening as President Barack Obama asked of his Cabinet on Monday.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.
...
For all the trumpeting, the effort raised questions about why Obama set the bar so low, considering that $100 million amounts to:
--Less than one-quarter of the budget increase that Congress awarded to itself.
--4 percent of the military aid the United States sends to Israel.
--Less than half the cost of one F-22 fighter plane.
--7 percent of the federal subsidy for the money-losing Amtrak passenger rail system.
--1/10,000th of the government's operating budgets for Cabinet agencies, excluding the Iraq and Afghan wars and the stimulus bill.
Bonus: Even less than it's being sold as.
Obama's marching orders to the Cabinet on Monday were less than meets the eye. Many of the savings he asked them to achieve are already under way and are included in the calculation.
Posted by: Ace at
12:37 PM
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