Budgeting

• Ordered all federal agencies to undertake a study and make recommendations for ways to cut federal spending (2009)

• Ordered a review of all federal operations to identify wasteful spending and practices (2009)

• Established a National Performance Officer charged with saving the federal government money and making federal operations more efficient (2009)

• Signed Weapons Systems Acquisition Reform Act (May 22, 2009)

• Overturned the Bush-era practice of not listing certain federal programs in the federal budget (2009) (2010) * Note: Bush did this (so did Reagan) in an effort to hide programs and make the budget look smaller; such “off budget” items are now included in the annual budget

• Full appropriations for war are now included in the budget (2009-2011) * Note: Bush did not list many of the appropriations for Iraq, Afghanistan, and the War on Terror

• Funds for emergency appropriations are now included in the budget (2009-2011)

• Signed statutory Pay-As-You-Go Act (Feb 12, 2010) after urging Congress to adopt “Pay-Go” (whereby each dollar of spending is offset by a dollar in cuts or revenues, which was used in the `90s but abandoned in the `00s)

• Proposed a three-year freeze on federal discretionary spending beginning in 2011 (2010)

• Is in the process of cutting 120 federal programs identified as either wasteful or unnecessary (2010-2011)

• Established a bipartisan commission on fiscal responsibility, staffed by House and Senate members and private citizens, tasked with submitting proposals to balance the budget (2010) * Note: In the face of Republican opposition, the powers of the commission were watered down

• Established a bipartisan commission on the future of Social Security, tasked with submitting proposals to preserve and strengthen Social Security (2010) * Note: In the face of Republican opposition, the powers of the commission were watered down

• Cut $20 billion from federal budget and has pledged to cut at least this much every year (2010-2011)

• Signed Improper Payments Elimination and Recovery Act (July 22, 2010)

• Ultimately decided to cancel planned new presidential helicopter fleet and stick with Marine One (2010)

• Freezing all discretionary spending for next three years, except on national security (2010-2011)

• Presidential Memoranda to freeze discretionary awards, bonuses, etc. for federal political appointees (2010)

• Measures to promote savings in government contracting (Jan 30, 2011)

• Measures to reduce size of federal budget/signed Budget Control Act (Aug 3, 2011)