Yesterday, President Obama asked his Cabinet to save $100 Million out of their budgets. While it's always good when the government cuts back expenditures, $100 Million is a tiny percentage of the $1 Trillion operating budget for the cabinets this year alone (it's about 1/10000 of a percent).
So let's not fool ourselves that government spending is being reined in. This year will be the biggest budget in our history, and this year's deficit will by over 4 times larger than last year's deficit.
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