After touting how much he could save on government spending during the campaign last year, President Barack Obama is now facing reality, to the tune of just $100 million, not the unspecified “billions” he hinted at six-nine months ago.
And, he’s giving government agencies 90 days to come up with even just this pittance.
Neoliberalism hoist by its own petard.
Meanwhile, Robert Reich has some real ideas for Obam on spending cuts, even if he thinks some of them should wait for a healthier economy.
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