You're eight months behind on your $500,000 mortgage, your bank is
demanding a meeting, and you respond by telling them there's nothing to
worry about. Why not? Because you just saved $40 by canceling your
newspaper subscription.
That, essentially, is the kind of fast budget talk President Obama
trotted out in April when he made a big to-do out of instructing his
cabinet to cut $100 million from their budgets.
$100 million may sound like a big number, but the cut would only reduce
the United States' projected $1.8 trillion budget deficit by 0.005% --
less than what you'd save for your mortgage by giving up the daily
paper.
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