FINALLY: Obama Makes Good on Promise to Go "Line by Line" Through Budget, Eliminating Wasteful Spending

As the Joker said: "And here... we... go!"

Obama takes aim at costly defense contracts

WASHINGTON (Reuters) – President Barack Obama said on Wednesday the U.S. government was paying too much for things it did not need and ordered a crackdown on spending "plagued by massive cost overruns and outright fraud."

The Democrat, under fire from Republicans for the $3.5 trillion price tag for his 2010 budget plan, also took aim at predecessor George W. Bush and noted the cost of government contracts had doubled to more than half a trillion dollars over the past eight years.

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"The days of giving defense contractors a blank check are over," Obama told reporters in a briefing on his reforms.

And for ACORN...?

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Obama said he was ordering a reform of the way the government did business, a move he said would save taxpayers $40 billion a year and help cut the budget deficit, which he has forecast will hit $1.75 trillion for the 2009 fiscal year.

He's basing his case on "cost overruns."

Seems to me I could live with an administration that eliminated spending based on "cost overruns" across all departments.

Odd that our Warrior-Poet in Chief only focuses on one.

It's also worth noting that Warrior-Poet takes the position that it doesn't matter what we spend on, only that we spend, in order to goose the economy.

Once again, defense spending is a curious exception.

We can spend millions on studying the correlation between estrus and flatulence in bi-curious gophers but talk about building an F-22 and suddenly it's "wasteful."

Thanks to WilliamA.

posted by Ace at 07:10 PM

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