Monday, April 20, 2009

McHenry: Obama Budget Savings = 0.002%

Encouraged by step in the right direction

WASHINGTON – Congressman Patrick McHenry (NC-10) issued the following statement regarding President Barack Obama’s call for $100 million in administration budget cuts. These savings would amount to a reduction of 0.002% in the federal budget.

“I am encouraged that President Obama has finally recognized the need for fiscal discipline. The first three months of his administration have been defined by boundless government spending. In doing so, the President broke his often-repeated campaign promise to go 'line by line' to identify savings in the federal budget. Although these cuts are too miniscule to be considered anything more than symbolic, at least it’s a step in the right direction. In fact, we could have saved three times that much by not buying a new fleet of cars for government employees in the so-called stimulus bill. As the national debt continues to spiral out of control, I hope President Obama will work in a bipartisan way to reform the careless way in which Washington spends tax dollars.”