My buddy Jeff sent along this URL, which looks at President Obama's plan to cut $100 million out of the Federal Budget.
You could take this as just one more right-wing attack on President Obama, and maybe it was intended that way. However, I take it as a very graphic demonstration of how hard the problem is. President George W Bush didn't show any strong skills in this area. Neither did the Republican controlled Congress, back before January 2007, when the Democrats got a chance to show a lack of strong skills in this area.
Regards — Cliff