Obama: budget reform “a necessity”

by

obama11

www.cnn.com

(CNN) — President-elect Barack Obama pledged Tuesday to go through the federal budget “page by page, line by line” to eliminate excessive spending and get the economy back on track.

If we are going to make the investments we need, we also have to be willing to shed the spending that we don’t need,” Obama said at a news conference in Chicago, Illinois.

In these challenging times, when we’re facing both rising deficits and a sinking economy, budget reform is not an option. It’s a necessity,” he said.

Obama also said that he has selected Peter Orszag as his nominee for director of the Office of Management and Budget.

Orszag, the head of the Congressional Budget Office, is an expert on health care, pensions and Social Security policy. He worked at the Clinton White House as special assistant to the president at the National Economic Council and served on the Council of Economic Advisers.

Those named to Obama’s economic team already have started working on crafting an economic recovery plan. The group also must figure out how best to allocate the rest of the $700 billion bailout that Congress passed in October.

Obama has said he hopes the new Congress will begin work on an aggressive economic recovery plan when it convenes in January so his administration can immediately get to work. The president-elect said Tuesday that it is important that his administration not “stumble” into office but “hit the ground running.

An economic stimulus package is central to Obama’s plan. Obama on Monday declined to speculate how big the stimulus would need to be, saying, “We are going to do what’s required to jolt this economy back into shape.”

Estimates for how much might be spent on a multiple-year stimulus package range as high as $500 billion to $700 billion. At the center of the plan are investments in the nation’s roads, bridges, schools and alternative-energy infrastructure. Obama has said his plan will lead to the creation of 2.5 million jobs.

The president-elect insisted Tuesday that his proposed stimulus would not be “more of the same” when it comes to Washington spending.

This isn’t about big government or small government. It’s about building a smarter government that focuses on what works. That’s why I will ask my new team to think anew and act anew to meet our new challenges,” Obama said.

Despite the problems facing his administration, Obama said he is “confident that we are going to rise to meet this challenge” if everyone works together.

In order for us to be effective, given the scope and the scale of the challenges that we face, Republicans and Democrats are going to have to work together,” he said.

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6 Responses to “Obama: budget reform “a necessity””

  1. Ovidiu Says:

    Salut Gabi, felicitari pentru blog!

    Bravo !

    I like your blog

  2. gabimihaela Says:

    @ Ovidiu Venind de la tine este deosebit! Multumesc. Si came again…

  3. Ovidiu Says:

    Mihaela Gabi, multumesc, dar sterge “hello world”, intra la “Administreaza” pun x si sterge-l

    http://ceausescunicolae.wordpress.com/

  4. gabimihaela Says:

    “hello world” este pus intentionat.

  5. Ovidiu Says:

    Intra pe panou, da la “Setting” “Discutie” si regleaza cum vrei sa moderizi adica mesajele trebuie moderate sau numai primul, citeste si regleaza.

    Intra la Design” apoi la “Widget-ur” si puneti de la stanga la dreapta ce vrei – calendar etc, dupa-aia jos da click pe “salveaza modificarea”

  6. Ovidiu Says:

    Intra la ‘Administreaza’ apoi ‘Legaturi” acolo pui preferatele tale. bloguri site-uri, orice.

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