So, like, is $100 million a lot of money, right?
President Obama plans to convene his Cabinet for the first time today, and he will order its members to identify a combined $100 million in budget cuts over the next 90 days, according to a senior administration official.
Although the budget cuts would amount to a minuscule portion of federal spending, they are intended to signal the president's determination to cut spending and reform
government, the official said.
Don't look at me; I voted for the old guy.
The thrifty measures Obama ordered for federal agencies are the equivalent of asking a family that spends $60,000 in a year to save $6. (The savings of) $100 million amounts to:
Less than one-quarter of the budget increase that Congress awarded to itself.
4 percent of the military aid the United States sends to Israel.
7 percent of the federal subsidy for the money-losing Amtrak passenger rail system.