Government Waste: Obama Claims $18B in Savings

[babylonsister]

Government Waste: Obama Claims $18B in Savings


President Obama’s campaign against wasteful government spending has saved taxpayers nearly $18 billion in 2011, the White House announced today.

Officials attributed the savings to greater oversight of Medicare and Medicaid payments, Pell Grant applications and Food Stamp distribution by federal agencies, all following a 2010 Obama executive order that mandated improved accountability.

Roughly 4.7 percent of all government payouts last year were made in error, down from 5.3 percent in 2010, according to the Office of Management and Budget.

Medicare, which federal auditors say is the source of 40 percent of all government waste, trimmed $7 billion in fee-for-service payment errors in 2011, officials said. The improper payout rate dropped from 10.2 percent to 8.6 percent over the year.

“Through aggressive and innovative solutions being deployed by federal agencies, we are on track to meet the President’s bold directive to prevent $50 billion in payment errors by the end of 2012,” said OMB director Jack Lew in a statement.

more...

http://abcnews.go.com/blogs/politics/2011/11/government-waste-obama-claims-18b-in-savings/

[CakeGrrl]

1. Rec!

[socialindependocrat]

2. Let's get some military oversight and pump that number up!!!!