Sunday, April 19, 2009

Fiscal conservatism in action

After running a deficit of $1.2 trillion the Obama Administration has identified $3 million in cost savings. Now if they can just replicate that 200,000 times they can meet Obama's stated goal of halving the deficit by the end of his term.

Update: Apparently Obama is going for the big money and now trying to slash $100 million from the budget. It's near insulting.

Update: Perspective from instapundit readers:
Reader Jeff Scott writes: “Since the President is selling this as a typical household cutting costs, 100 million dollars of a nominal 1 trillion dollar budget is equivalent of a family making $75,000 forgoing two cups of coffee IN A YEAR. Some budget choices.”

A reader emails: “Cutting $100 milllion from the budget is easy, just lock John Murtha in a closet for a week.”
Update: Nice visual here.

Update: Obama:
"None of these things alone are going to make a difference, but cumulatively, they make a difference, because they start to set a tone."
Mr. President, you know what really sets the tone? This:

Update: More perspective:
With cuts in federal spending by $100 million, the government will save roughly 1/36,000 of the $3.6 trillion it expects to spend next year.

Put another way, if the budget were a yardstick, the administration would be proposing to shorten it by 1/1000 of an inch. That's 25.4 microns, or about half the width of a human hair.

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