Understatement

College Presidents Alarmed Over Obama's Cost-control Plan

President Obama's new plan to force colleges and universities to contain tuition or face losing federal dollars is raising alarm among education leaders who worry about the threat of government overreach. Particularly sharp words came from the presidents of public universities; they're already frustrated by increasing state budget cuts.

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At Washington, President Mike Young said Obama showed he did not understand how the budgets of public universities work.

Glenn Reynolds observes that "it’s not at all clear that Obama understands how budgets work in general," but I disagree. I think it's quite clear that he has no understanding of budgeting whatsoever.