Obama signs bill targeting government waste

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"President Barack Obama turned his attention to the ongoing fight against government waste Thursday, signing a bill requiring federal agencies to spend at least $1 million annually on audits targeting improper payments and fraud.

Among other things, the Improper Payments Elimination and Recovery Act provides new financial incentives for auditors to track down government waste and requires the administration to report to Congress each fiscal year on steps taken to cut down on inappropriate expenditures.

Government needs to be a "responsible steward" of taxpayer dollars, Obama said shortly before signing the bill at the White House. "There are outstanding public servants ... but too often their best efforts are thwarted by outdated technologies and outmoded" ways of doing business.

The government improperly spent $110 billion last year -- more than the budgets of the Small Business Administration and the Education Department combined, the president said.

Obama said his goal is to reduce the improper federal payments by $50 billion between now and 2012."

http://www.cnn.com/2010/POLITICS/07/22/obama.wasteful.spending.act/?hpt=T2

This oversight is truly necessary...Bunny lost her job because she testified about waste during the horrible days of bush. Dana ; )

http://en.wikipedia.org/wiki/Bunny_Greenhouse

Or the endless war budget in general?