Barack Obama actually said...

We have had to take some extraordinary steps in order to shore up our financial system and to deal with an unprecedented economic crisis.

I'm asking for all of them to identify at least $100 million in additional cuts to their administrative budgets.

None of these things alone are going to make a difference.

The fact that we are willing to acknowledge them and then move forward, that is precisely why I am proud to be President of the United State...