"While Obama repeatedly has said he would go over the budget line by line, his options are limited. Only about 20 percent of the federal budget is considered "discretionary" spending, with the rest devoted to defense and entitlement programs such as Social Security. Most of the discretionary funds are politically popular and go to an array of agencies, such as the Department of Transportation. Obama offered only one example of the kind of spending he wants to end. He cited a government report yesterday that said farmers earning more than $2.5 million annually have collected $49 million in federal subsidies over a three-year period. "If it's true, it is a prime example of the kind of waste that I intend to end as president," Obama said at a Chicago news conference. However, such savings are relatively small compared to a stimulus program that might cost as much as $700 billion over two years. " http://www.boston.com/news/politics...26/obamas_budget_cutting_options_are_limited/ I heard on the news this morning that they want another trillion dollars for the bail out. To buy "toxic mortgages". I thought that they already got a big pile of our money to do that... We are in big trouble.