President Obama came up with a new plan to help America get out of the economical recession that reigns the country nowadays. He will unveil his plan at a White House ceremony at 10 a.m. EST. The plan has the intention to reform the broken system of government contracting.Nine days after the summit where Obama discussed a total change in fiscal spending, he explains that with his new plan America can save up to 40 billion dollars a year. The plan contains a lot of measures that will reduce the spending on waste made by the U.S. government. A total new system of working with contractors will make sure that the government will stop wasting American people’s money.
The president said that if we let the government perform a lot of outsourcing services itself, make the contracting process accessible for small businesses, stop needless no-bid and cost-plus contracts and finally, make the oversight stronger to maximize accountability and transparency, we can make it possible to decrease the fiscal incomes by 40 billion dollars each year.
Obama finds it very important that the American people’s money is spent to make their lives better and not to fill the pockets of contractors or to maintain projects that don’t work. The president will also praise the Defense Secretary for the efforts he’s doing to reform the Pentagon spending policy but he will also tell him that he won’t accept him spending billions of dollars on waste expenditures.
Once again I am very pleased with the efforts Obama is doing for his country. He keeps on showing himself very motivated to help America out of this economical recession and according to me, he will definitely succeed.
He is doing a lot of research to find ways that would help solve the bad economical circumstances that rule the United States of America. Finding errors in the government contracting policy is something that according to me, a president like George Bush, would probably not have come up with.
Obama is definitely the man that will save America from this bad economical period.
Source: http://money.cnn.com/
I agree with Niels, Obama is really trying to help the U.S. Before I believe this new plan is going to work, I want to see some results, because I think this is difficult goal (that 40 billion $). Obama has to reorganize the hole system and that is going to take a while before it actually works and the people see results. But I do think the plan of Obama will work.
BeantwoordenVerwijderenI also agree with Niels and Maxime. It's fantastic how the American president Barack Obama reached to a solution by drawing up a plan. But is this plan attainable? Achieve the target of 40 billion dollar? The measures are numerous and everyone has to work on it. It will be a difficult job but the reorganizing of the whole system is necessary.
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