Obama urges new cost-saving initiatives
US President Barack Obama on Saturday urged workers and business to
come up with creative and wide-ranging ways to cut budgets and reduce
costs ahead of a forum on government reform.
Speaking to Americans in his weekly radio address, the president said
that people across the country know that “the best ideas often come from
workers - not just management.
“That’s why we’ll establish a process through which every government
worker can submit their ideas for how their agency can save money and
perform better,” Obama pointed out. “We’ll put the suggestions that work
into practice.”
The president also promised to reach beyond the halls of government
and tap the experience of private businesses that have invented
innovative ways of using technology to save money.
He announced that later this year, he will host a forum on reforming
government so that government officials could hear voices from outside
of Washington. The comments came after the nonpartisan Congressional
Budget Office (CBO) forecast last month the budget deficit could hit
1.845 trillion dollars for the whole year based on Obama’s
3.5-trillion-dollar budget plan approved by Congress early this month.
The CBO said its budget deficit estimate for fiscal 2009, which ends
on September 30, would be four times the 2008 record shortfall and
amount to 13.1 percent of the country’s total economic output.
The Obama budget forecasts a 1.750 trillion dollar deficit in fiscal
2009, but foresees that figure falling to 1.171 trillion dollars in
2010.
“We cannot sustain deficits that mortgage our children’s future, nor
tolerate wasteful inefficiency,” Obama said. “I will work every single
day that I am president to live up to that responsibility, and to
transform our government so that it is held to a higher standard of
performance on behalf of the American people.” During his debut cabinet
meeting last Monday, Obama ordered his government to cut 100 million
dollars from the US federal budget within 90 days, with an eye on the
ballooning deficit.
In the radio address, Obama also urged Congress to adopt a
pay-as-you-go principle that requires lawmakers to offset any new
spending by equal budget cuts.
This principle, the president said, “helped transform large deficits
into surpluses in the 1990s.
“Now, we must restore that sense of fiscal discipline,” he added.
Obama also urged government agencies to create new incentives to
reduce wasteful spending and invest in what works.
He said that agencies that identify savings will be allowed to keep a
portion of those savings to invest in programs that work.
“The result will be a smaller budget, and a more effective
government,” the president assured.
AFP |