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President Obama Does Little to Trim Budget

  • On Monday, the first official meeting of President Obama’s cabinet, the President asked his cabinet secretaries to cut a total of $100 million from their budgets in the next 90 days.

    “None of these savings by themselves are going to solve our long-term fiscal problems,” President Obama said of the cuts, acknowledging that they make up only 0.0025% of the $4 trillion federal budget.


    “But taken together, they can make a difference, and they send a signal that we are serious about changing how government operates,” he said.

    Of course, many Republicans were not pleased with the news, and have criticized the cuts for not being larger.

    “Washington Democrats have spent the past three months doling out more taxpayer dollars than every previous president combined, and the administration is clearly feeling the heat,” said House Minority Leader John Boehner (R-Ohio) in a statement.

    However, President Obama said that even though the budget cuts were small, they would make an “extraordinary difference” because they would set a certain tone.

    “What we’re going to do is line by line, page by page, $100 million there, $100 million here. Pretty soon, even in Washington, it adds up to real money,” President Obama said.

    Though it is yet unclear where all the cuts will come from, some of them will come from the Department of Agriculture, which already plans to move 1,500 employees into one central facility, saving $62 million in rent over 15 years. The Education Department also plans to trim $2 million by issuing employees just one computer instead of both a laptop and a desktop.

    Additionally, President Obama said that his administration plans to cut a minimum of 100 undisclosed programs in order to free up cash for more important areas including health care, energy, and education.

    In a blow to the newspaper industry, the U.S. Attorneys and the U.S. Marshals Offices’ Asset Forfeiture program will stop publishing judicial forfeiture notices in print and will do so online only, saving $6.7 million over the first five years of the move.

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