Wednesday, July 29, 2009

"$100 Million Savings Challenge" Completed

The Obama administration is a week late (Berman Post: Obama Administration Misses $100 Million Cut in 90 Days Deadline), but they now have the purposed $100 Million in budget cuts dubbed the "$100 Million Savings Challenge" (Berman Post: Obama Orders $100 Million of $3.5 Trillion Budget Identified to Cut and Berman Post: Obama's $100M budget Cut Visualized).

Among the revelations that took more then 90 days to come up with are double-sided-printing and forgoing printing using emails instead.

http://online.wsj.com/article/SB124882436513388423.html

"Three months ago, President Barack Obama ordered his cabinet secretaries to find $100 million in budget cuts for the current fiscal year to emphasize the point that he, too, was serious about belt-tightening. They responded with $102 million. That is 0.006% of the estimated federal deficit.

The list of 77 spending cuts, which the White House is calling "the $100 million savings challenge," reflects the vastness of government -- and its vast inefficiency. Hundreds of millions of dollars in savings were found simply by casting around for areas to trim.

Still, the reductions barely scratch the surface. "Some of these cuts are so small they would be a rounding error of a rounding error in the federal budget," said Brian Riedl, a federal budget expert at the conservative Heritage Foundation. They also show how "unbelievably outdated" the government is, he said.
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