In the din of the Sherrod situation and on the heels of yesterday's historic FinReg act, President Obama is still making hay while the sun shines.
This will be a short diary. I simply wanted President Obama to get credit when it is properly due him.
The government misspent almost $110 billion in fiscal year 2009 by sending benefits checks sent to dead people, doling out fraudulent Medicare and Medicaid payments and overpaying government contractors.
But the Improper Payments Elimination and Recovery Act that Obama signed requires agencies to spend at least $1 million on audits to identify potential overpayments, produce plans to cut such overpayment errors and sets penalties for agencies that fail to comply.
http://voices.washingtonpost.com/...
Thanks to Senator Carper and Rep. Patrick Murphy for co-sponsoring the bill.
This should be remembered every time a conservative asks what Obama is doing to cut costs, save money, or trim the size of government. The President estimates total cost savings of over $50 billion dollars by 2020.