This was coming all along - this way they get to say they made the cuts but blame Obama for what was cut. Who says you can't have your cake and eat it, too?
Unfortunately Obama is way too far to the right to make the cuts I'd want to see.
I do agree though, this is a tiny amount compared to the overall budget, executed over time and not all at once, and it has been blown way out of proportion. I'd also question the constitutionality of this strategy. Budget bills are suppose to originate in the House - does "you decide where to cut" qualify?