My approach to cutting spending as president, is to do a ten percent across the board cut of all federal agencies, and then ask each of my new agency heads to find another ten percent by drilling down. That's what you do in business to come up with approximately 20 percent cuts for the first fiscal year budget.

Summary

This quote highlights a proposed approach to reduce government spending by the president. The idea is to implement a ten percent cut across all federal agencies and then challenge each agency head to identify an additional ten percent reduction through careful analysis and scrutiny. This method draws parallels to strategies commonly employed in the business world, aiming to achieve approximately 20 percent cuts in the first year's budget.

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