Do the words “token savings” apply here? You betcha!
WASHINGTON AP – A senior administration officials says President Barack Obama is ready to ask federal department and agency chiefs to find $100 million to cut from the budget when he holds his first formal Cabinet meeting.
The official previewed Topic A for Monday’s Cabinet meeting on grounds of anonymity because it will be a private session. He said Obama will be reminding Cabinet members that financially-pressed families are looking to the government to spend their money wisely.
The president’s first formal Cabinet meeting is being held just days after a series of “Tea Party” demonstrations across the country in which protesters challenged the administration over it’s massive spending. A cut of $100 million in a multitrillion-dollar federal budget likely will be criticized by Obama’s opponents as inadequate.