Apparently President Obama has put on his thinking cap and found some cuts in this year’s proposed budget plan… $775 Million Dollars! Yay! (But we’ll still be spending $1.5TN more than we take in – thanks Kids!)
[President Obama’s budget director Jack] Lew said that the Valentine’s Day budget will proposed cutting in half community service block grants to grassroots groups in poor communities. This cut will save $350 million and this cut will affect the type of community programs Obama worked with as a local organizer, Lew noted in an opinion piece in Sunday’s edition of The New York Times.
Source: New York Times
Having a hard time imagining what $775 Million amounts to in the total budget plan? This might help, one website has created a helpful pie chart graphic to help you out. If that doesn’t help you, maybe this YouTube video from President Obama’s first attempt to trim the budget by $100 million might help:
Just imagine that instead of removing one-quarter of a penny, President Obama plans on taking nearly two whole pennies off the table, and you’ll have a sense of the scope of the cuts President Obama is going to propose next week.
Of course, this is in addition to the federal pay freeze he already proposed, which I covered earlier here…
New York Times: The Easy Cuts Are Behind Us
YouTube video: Obama Budget Cuts Visualization
Ken’s Project Blog: How To Read A News Story