

Peter Orszag
Ph. D., London School of Economics
Director, White House Office of
Management and Budget
May 24, 2010
|
Reducing Unnecessary Spending The President's Reduce Unnecessary Spending Act of 2010 establishes a new, expedited tool to reduce unnecessary or wasteful spending. Under this new expedited procedure, the President would submit a package of rescissions shortly after a spending bill is passed. Congress is
then required to consider these recommendations as a package,
without amendment, and with a guaranteed up-or-down vote within a
specified time frame. We cannot
afford to
tolerate taxpayer dollars going to programs that are duplicative or
ineffective. This is part of a larger effort the President has undertaken to rein in wasteful spending. This effort includes: the $20 billion in terminations, reductions, and savings the President included in both his budgets; our work with Congress to curb earmarks; the signing into law of statutory PAYGO; the Administration-wide effort to curb the $100 billion in improper government payments; and the three-year freeze on non-security discretionary funding that the President put forward in the FY 2011 Budget. |
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