ASSOCIATED PRESS: SPIN METER: Obama’s latest budget-tightening effort hardly makes a dime’s worth of difference: “Cut a latte or two out of your annual budget and you’ve just done as much belt-tightening as President Barack Obama asked of his Cabinet on Monday. The thrifty measures Obama ordered for federal agencies are the equivalent of asking a family that spends $60,000 in a year to save $6.”

UPDATE: Obama’s proposed spending cuts illustrated. Looks like one of those comparisons of the Earth to the Sun. . . .