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(WASHINGTON) — President Barack Obama convenes his first formal Cabinet meeting Monday and will ask department and agency chiefs to look for ways over the next 90 days to cut $100 million out of the federal budget, a senior administration official said.
To put those numbers in perspective, imagine that the head of a household with annual spending of $100,000 called everyone in the family together to deal with a $34,000 budget shortfall. How much would he or she announce that spending had be cut? By $3 over the course of the year--approximately the cost of one latte at Starbucks. The other $33,997? We can put that on the family credit card and worry about it next year.
Originally posted by Republican08
Ok, sounds good, game plan erase debt here we come.
100 million down-----1.5 trillion to go.
I'm going to mail obama a dollar, I figure by the time it arrives, it'll be worth about a penny. Hehehe, he'll be so mad....!!
Originally posted by king9072
Haha, and some people think that politics is real. I wonder if politicians and presidents and the such sit at home at night and just roll on the floor laughing at how utterly ignorant the people are.
Originally posted by jsobecky
He throws hundreds of billions to the bankers....
This guy is a real joke.
Dec. 12 (Bloomberg) -- The Bush administration will consider using money from the fund intended to rescue U.S. financial markets to prevent the collapse of the nation’s auto companies, White House spokeswoman Dana Perino said.