On Thursday, President Obama announced $17 billion in spending vuts from his $3.44 trillion budget for Fiscal Year 2010. Is this a significant reduction or an almost imperceptible amount? Is he serious about fiscal discipline or is this just for show? Are the cuts based on wasteful spending or does he have a political agenda? Where could Obama and Congress find ways to cut a whole lot more money? We ask Pete Sepp, vice president for communications at the National Taxpayers Union.