Obama Cabinet Proposes Budget CutsAnthony Gregory • Tuesday July 28, 2009 11:11 AM PDT •
A whopping $242 million in cuts. “These ‘cuts’ will save less than $1 per household this year,” says a budget analyst at the Heritage Foundation, or enough to pay for five hours of interest on the federal debt. The savings represent 0.006% of the nation’s $3.99 trillion budget.
Obama promised to go through the budget “line by line” and cut government in some places to pay for its growth in others. He particularly vowed to withdraw from Iraq, but even if he comes through on his current promises there, he is merely following the Status of Forces Agreement acceded to by Bush in late 2008. In other words, even on foreign spending, Obama is at best a continuation of the Bush regime.