Obama seeks to cut budget by $100 million
President Barack Obama in a meeting with his cabinet on Monday asked his government to cut the US federal budget by $100 million dollars.
The move comes as the government tackles the recession and keeps its promise by cutting on wasteful spending as critics warn his ambitious political program and large expenditures to revive the economy will bankrupt future generations.
Obama said the cuts would start setting a tone about spending in Washington.
The $100 million represents a small quantity of the total federal budget, but Obama is asking his administration to find places where trims are possible by going “line by line” through the budget.
What we're going to do is line by line, page by page, $100 million there, $100 million here, pretty soon, even in Washington, it adds up to real money, said Obama.
Obama's fiscal 2010 budget totaled $3.67 trillion, and both the House and Senate approved versions similar to the president's.
The top Republican in the House of Representatives, John Boehner, argued Sunday that Americans were increasingly concerned that Obama's Democratic Party was dangerously inflating the deficit with its ambitious political plans, the AFP reported.
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