Obama says he'll cut wasteful programs

President Obama announced that he would eliminate dozens of wasteful and ineffective as part of an effort to restore fiscal accountability to the federal budget. Obama’s plan is to cut funds from unnecessary programs and have the government take more of a responsibility for their actions.
"As surely as our future depends on building a new energy economy, controlling healthcare costs and ensuring that our kids are once again the best educated in the world, it also depends on restoring a sense of responsibility and accountability to our federal budget," Obama said.
Due to two large bailout packages, and other subsequent expenditures, the United States has posted a $956.8 billion budget deficit for the first half of the fiscal year. That is three times larger then at this time last year. Obama has made cutting spending one of his top priorities and promises that the spending he has done in the first three months of his Presidency will not continue for the rest of it. "If we're to going to rebuild our economy on a solid foundation, we need to change the way we do business in Washington," Obama said. "We need to restore the American people's confidence in their government - that it is on their side, spending their money wisely, to meet their families' needs."

http://money.cnn.com/2009/04/18/news/economy/obama_address.reut/index.htm?postversion=2009041813