Obama uses butter knife on budget cuts

No Paul Bunyan axe for Obama

It appears that President Obama has not gotten the message from the midterm "shellacking" from the Republicans. He has no "Paul Bunyan axe" for slashing spending. Nor does he have even a proper knife.

From CBS News:

President Obama said he'd take a scalpel to the budget instead of a machete. So far, though, he appears to be wielding a butter knife - trimming little more than soft edges.

The White House insists they're meeting the Republicans half way on budget cuts, but the numbers simply don't add up.

Here's the White House's fuzzy math:

White House cuts:

Freeze on 2011 spending: $40.8 billion
Cuts in Senate bill: $4.0 billion
New proposed cuts: $6.5 billion
Total: $51.3 billion

Republican cuts:

Freeze on 2011 spending: $40.8 billion
Cuts in House bill: $61.5 billion
Total: $102.3 billion

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