At first, I thought the calendar was wrong and it must be April 1 and the White House was playing an April Fool’s joke. That seemed like the only logical explanation for a story in today’s Washington Post stating that the President wants all government departments to identify $100 million in supposed budget cuts. With 14 cabinet-level departments, that adds up to $1.4 billion of savings — and those savings almost certainly be measured against an ever-increasing budget baseline, which means that they would merely be reductions in planned increases. This is a shallow and insincere stunt to trick taxpayers. This is the same President, after all, that just squandered nearly $800 billion on a so-called stimulus bill. And this is the same President that just rammed through a $3.5 trillion budget. This chart provides a useful comparison.

For those who appreciate irony (or perhaps a late April Fool’s joke), the Washington Post story makes for interesting reading:

President Obama plans to convene his Cabinet for the first time today, where he will order members to identify a combined $100 million in budget cuts over the next 90 days, according to a senior administration official. Although the cuts would account to a minuscule portion of the federal budget, they are intended to signal the president’s determination to trim spending and reform government, the official said. …In his radio and Internet address Saturday, Obama repeated his vow for his administration to scour the federal budget “line by line” to reduce spending.

Update: Some people have written to say that Obama is asking his team to come up with a combined $100 million, not $100 million from each department. So my initial post gave him 14 times too much credit. This is almost beyond parody.

The President’s Make-Believe Fiscal Conservatism is a post from Cato @ Liberty - Cato Institute Blog