Summary
The mountain labored, and brought forth a mouse. Last week, the administration confronted the budget of the U.S. government in the "line-by-line" review long promised by President Obama -- and found theoretical savings almost invisible to the naked eye.
The nickels-and-dimes exercise, a repeat of equally futile gestures by former President George W. Bush, claimed $17 billion in savings in a $3.4 trillion spending plan -- a bit less than one- half of 1 percent.See the full content of this document
Extract
Entitlement Programs in Need of an Overhaul
Judd Gregg, the ranking Republican on the Senate Budget Committee, said, "This amounts to less than an asterisk when it comes to the amount of debt and deficit that we will be ru...
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