OK, this is NOT an anti Obama rumor. When Obama proposes a 100 million budget cut to help with his “fiscal responsibility” credentials he is doing nothing…. really nothing.

I like this quote:

To put those numbers in perspective, imagine that the head of a household with annual spending of $100,000 called everyone in the family together to deal with a $34,000 budget shortfall. How much would he or she announce that spending had to be cut? By $3 over the course of the year–approximately the cost of one latte at Starbucks. The other $33,997? We can put that on the family credit card and worry about it next year.”

Harvard University economics professor Greg Mankiw