Thanks Dad.
Here is the good news: Two top administration officials say president wants $100 million in expenses cut. Agencies would have to report how they saved on expenses after 90 days.
Here is the fine print: House and Senate returns from recess this week to work on $3.67 trillion Obama budget request.
Here is the context: $3.67 Trillion is $3,670 Billion. The Obama team proposes to spend $10 Billion a day. That amounts to $7 million per minute.
Listen up, Obama is going to be spending $7 million per minute, each and every minute, 24/7 for 365. He is gathering his cabinet to see how they can cut 14 minutes of government spending per year.
We now learn that The Department of Homeland Security plans to save $52 million over five years by purchasing office supplies in bulk.
Just so you know that I shit you not, here is how CNN reports the 14 minutes of savings:
Obama to gather Cabinet, seeking $100 million in cuts
CNN, By Suzanne Malveaux
WASHINGTON (CNN) -- President Obama returned to Washington on Sunday night with his eye back on his domestic agenda and a plan to save government money.
President Obama arrives by Marine One on the South Lawn of the White House on Sunday.
On Monday, Obama will gather his full Cabinet together for the first time as president and challenge it to cut a total of $100 million in the next 90 days, two senior administration officials said.
The officials spoke anonymously because the announcement had yet to come from the president, who returned Sunday from the Summit of the Americas in Trinidad and Tobago.
The agencies would have to report how they saved on expenses after 90 days, the officials said.
A senior administration official described the edict as part of Obama's "commitment to go line by line through the budget to cut spending" and "reform the government."
As House and Senate lawmakers return from recess this week, they are expected to start reconciling their versions of the fiscal 2010 budget resolution. The president's budget request is $3.67 trillion.
In context of the federal budget, $100 million in savings is a small amount, but the White House wants to demonstrate fiscal responsibility.
On Monday, Obama will offer examples of how various agencies have started cost-cutting measures, including:
• The Department of Homeland Security's plan to save an estimated $52 million over five years by purchasing office supplies in bulk.
• The Department of Agriculture's effort to consolidate 1,500 employees from seven locations into a single facility in 2011. It's estimated to save $62 million over a 15-year lease.
• The Veterans Affairs Department's move to cancel or delay 26 conferences, saving nearly $17.8 million. Veterans Affairs also will use video-conferencing to cut costs.
