YOU DON’T SAY. Washington Post: Obama’s Budget Knife Yields Modest Trims. The plan is less ambitious than the hit list former president George W. Bush produced last year, targeting 151 programs for $34 billion in savings.” Where are those “net spending cuts” we were promised during the campaign?

UPDATE: Oh, here they are: White House: Obama seeks hike in domestic spending. Hope and change, emphasis on the change.