I think he's poking at the hornet's nest.
President Barack Obama wants to cut $2.5 billion from a $5 billion home heating aid program for the poor, a person familiar with his 2012 budget proposal said Wednesday, halving the popular fund as he looks for places to rein in federal spending.
The proposal would cut the Low-Income Home Energy Assistance Program to its 2008 level of about $2.5 billion. --Zippers quoting AP
He could cut subsidies to the banks. Oh, yes, they exist. The Fed lends money to the Banks at teeny-tiny rates, and the banks buy T-bonds for bigger rates. It's called "the carry trade" and is a gentlemen's arrangement, you know.