Official: Obama wants agency spending cut by $100M
By STEVEN R. HURST – 21 minutes ago
WASHINGTON (AP) — President Barack Obama convened his first formal Cabinet meeting, and the White House said he would challenge department and agency chiefs to look for ways to cut $100 million out of the federal budget.
Obama planned to remind the panel that American families are having to make tough financial decisions and need to know the government is spending their money wisely, too, a senior administration official said. The official discussed Topic A for the session on grounds of anonymity because it was to be behind closed doors.
A second senior official, also speaking anonymously, said Obama would point to cuts already being proposed.
The Veterans Affairs Department has canceled or delayed 26 conferences, saving nearly $17.8 million, he noted, and will be using less expensive alternatives, like video conferencing. The Agriculture Department is working to combine 1,500 employees from seven office locations into a single facility in 2011 - saving $62 million over a 15-year lease term. And the Homeland Security Department has estimated it can save up to $52 million over five years by purchasing office supplies in bulk.
The federal deficit for March alone was $192.3 billion, and $100 million would represent about one-twentieth of 1 percent of that. Obama has brought forward a $3.6 trillion budget for the 2010 fiscal year, beginning Oct. 1, a proposal that would produce $9.3 trillion in deficits over the next
decade.
:lmao:
How can anybody read this and not laugh at the stupidity of the whole idea. Another significant tough executive decision made by Zero.
By STEVEN R. HURST – 21 minutes ago
WASHINGTON (AP) — President Barack Obama convened his first formal Cabinet meeting, and the White House said he would challenge department and agency chiefs to look for ways to cut $100 million out of the federal budget.
Obama planned to remind the panel that American families are having to make tough financial decisions and need to know the government is spending their money wisely, too, a senior administration official said. The official discussed Topic A for the session on grounds of anonymity because it was to be behind closed doors.
A second senior official, also speaking anonymously, said Obama would point to cuts already being proposed.
The Veterans Affairs Department has canceled or delayed 26 conferences, saving nearly $17.8 million, he noted, and will be using less expensive alternatives, like video conferencing. The Agriculture Department is working to combine 1,500 employees from seven office locations into a single facility in 2011 - saving $62 million over a 15-year lease term. And the Homeland Security Department has estimated it can save up to $52 million over five years by purchasing office supplies in bulk.
The federal deficit for March alone was $192.3 billion, and $100 million would represent about one-twentieth of 1 percent of that. Obama has brought forward a $3.6 trillion budget for the 2010 fiscal year, beginning Oct. 1, a proposal that would produce $9.3 trillion in deficits over the next
decade.
:lmao:
How can anybody read this and not laugh at the stupidity of the whole idea. Another significant tough executive decision made by Zero.
