Fool me twice, shame on me

Fox Business asks "Where are the cuts?"

Today is a self-imposed White House deadline to identify another $100 million in 2009 budget cuts requested by President Obama in April from his cabinet secretaries--and so far, it has not announced any cuts.

Just for perspective, the U.S. is on target to run a $1 trillion budget deficit this year but the Obama administration couldn't find 0.01% to cut.