If government can cut costs, we all can
Recently, the Wall Street Journal featured an article that explained the new savings effort within various government agencies. I call it "the organic stimulus" -- properly budgeting money so that you will have enough to continue operations during bad times.
It all started in April, when President Obama ordered his cabinet secretaries to locate $100 million in budget cuts. The Forest Services Department, for example, stopped repainting newly purchased white vehicles green to save money.
Here's a short list of some of the cut backs:
• Department of Justice:
Printing and copying on both sides of the paper.
Estimated $573,000 saved
Delete unused email accounts
Estimated $5 million saved
Renovate and reuse or sell emergency trailers
Estimated $3.8 million saved
It's important to note that all of these savings merely affect the steep deficit. The cut backs only decrease our debt by about 0.006%, which is equivalent to a simple rounding error. Despite the small impact, it's a good start.
I agree with what Brian Riedl, a federal budget expert at the conservative Heritage Foundation, that one does not need a presidential order to be frugal during a recession. In my opinion, it takes responsibility and common sense to save when you have little money.