Video – Obama: We Can’t Treat Tax Dollars Like “Monopoly Money”

5

obama2[Video below.] Saying that the federal government can no longer spend taxpayers’ money like it is “monopoly money,” President Obama yesterday touted that the administration is well on its way to reaching his goal of saving $40 billion by fiscal year 2011. “In March, I ordered federal departments and agencies to come up with plans to save up to $40 billion a year in contracting by 2011,” Obama said from the Diplomatic Reception Room. “And over the past six months, agencies have been making cuts by looking for better deals, by ending contracts, and doing work in- house, and by opening up no-bid contracts to competitive bidding Because of these efforts, I’m proud to announce today that we are on track to meet our goals: 24 departments have identified more than $19 billion in savings for this year alone.”

The President highlighted a report from the Office of Management and Budget that reported on the $19 billion worth of savings that were identified. Between 2002 and 2008, the amount spent on government contracts more than doubled. The amount spent on no-bid, non-competitive contracts jumped by 129 percent.

“This is an inexcusable waste of money,” Mr. Obama said .

“After years of irresponsibility, we are once again taking responsibility for every dollar we spend the same way families do. It’s true that what I’ve described today will not be enough to get us out of our fiscal mess by itself. We face a deficit that will take some tough decisions in the next year’s budget and in years to come to get under control. But these changes will save the American people billions of dollars. And they’ll help to put in place a government that’s more efficient and effective, that wastes less money on no-bid contracts, that’s cutting bureaucracy and harnessing technology, that’s more fiscally responsible and that better serve the American taxpayer.”

Click below to watch a segment of the President’s comments:

[media id=429 width=400 height=300]

{ABC News/Noam Amdurski-Matzav.com Newscenter}

5 COMMENTS

  1. In the USA we used to have more menchlichkeit in the Senate. Regardless of the issues, the Republicans were cruel and evil to force Senator Byrd to come out and vote at 1AM. They won’t even show some decency in their hatred of everything the Democrats want to do. How can a frum Jew support such reshoim.

  2. #1 L. Oberstein – Are you serious??? Because the Republicans are delaying the process they’re reshoim? Its caused politics and if KKK Byrd can’t get up at 1 AM to cast a vote he’s too old to be playing this game. You’re concern for the man in the white sheet is truly heart warming.

  3. #1 L. Oberstein – Are you serious??? Because the Republicans are delaying the process they’re reshoim? Its called politics and if KKK Byrd can’t get up at 1 AM to cast a vote he’s too old to be playing this game. Your concern for the man in the white sheet is truly heart warming.

  4. L. Oberstein:

    You mean Grand Wizard of the KKK Sheets Byrd deserves rachmanus?

    How can any Jew frum or otherwise respect such crass liberal thinking and vote Democrat with a member like Byrd?

LEAVE A REPLY

Please enter your comment!
Please enter your name here