On the importance of context

The Times reports on a deal to cut spending by 39 billion over the next 5 years:
WASHINGTON, Feb. 1 House Republicans, handing a close-fought victory to President Bush on the heels of his State of the Union address, pushed through a measure today to rein in spending by nearly $40 billion over the next five years, with cuts in student loans, crop subsidies and Medicaid, the government's health insurance program for the poor.

This comes to 8 billion a year. Shouldn't this article mention somewhere that the Federal budget for 2006 was over 2 trillion? 8 billion is .4% of that. To give you some more context, the deficit for 2005 is projected to be over 400 billion, so this represents less than a 2% cut in the deficit. For some reason the Times doesn't think this is something you need to know.

UPDATE: Brad DeLong makes the same point.