$100 Million May Be A Lot Of Money In The Abstract . . .

by Pejman Yousefzadeh on July 21, 2009

But it is not a lot of money in the context of the Federal budget.

And yet, apparently, the Obama Administration can’t find $100 million in the budget to cut:

On April 20, President Obama challenged his Cabinet to cut $100 million in spending over the next 90 days.

Asked about the spending cuts, White House spokesman Robert Gibbs said Monday that information still was being compiled.

“Those are being reviewed now, and we’ll release something in the coming days,” Gibbs told the daily White House briefing.

At time the challenge was announced, critics said $100 million in savings was a small amount on the context of the federal budget.

“Any amount of savings is obviously welcome,” Senate Minority Leader Mitch McConnell, R-Kentucky, said in April. “But [$100 million is] about the average amount we’ll spend every single day just covering the interest on the stimulus package that we passed earlier this year.”

If the Administration can’t do this in three months, how is it going to make tougher fiscal decisions in shorter periods of time? I ask because given the budgetary hole that the Administration has put the country in, tougher fiscal decisions are surely on the way.

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