Obama budget cuts = Chump Change

Investor's Business Daily on Barack Obama's attempt to cut the federal budget:

After hearing the Democratic Party lay into President Bush last year for his "profligacy," "record spending" and "soaring deficits," we can't be blamed for expecting something else from the party now in power.

Budget: $17 billion. That's the amount, out of a total $3.5 trillion in spending, that has been "cut" in the White House's latest budget. If this is some kind of joke, it isn't very funny.

Read the full editorial at the newspaper's Web site.