Jobs & The Economy: Putting America Back to Work

“The American Jobs Act answers the urgent need to create jobs right away. But we can’t stop there. We have to … start building an economy that lasts into the future — an economy that creates good, middle-class jobs that pay well and offer security… If we want [companies] to start here and stay here and hire here, we have to be able to out-build and out-educate and out-innovate every other country on Earth.”

— President Barack Obama, Sept 8, 2011

Jobs & The Economy: Putting America Back to Work

Reform & Fiscal Responsibility

The Obama Administration is working together with policymakers and private industry to safely grow our economy, while creating jobs and helping small businesses thrive.

President Obama has led the way on structuring the government to live within its means through a balanced approach that protects key priorities and ensures that everyone pays their fair share.
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President Obama’s plan to create a 21st-century regulatory system – one that protects public health and welfare while promoting economic growth, innovation, competitiveness, and job creation – has already identified more than $10 billion dollars in savings over the next five years.
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For decades, rising health care costs have hurt American competitiveness, forced too many individuals into bankruptcy to get their families the care they need, and driven up our nation’s long-term deficits. That’s why, after years of inaction in Washington, President Obama took on the insurance companies to pass comprehensive health insurance reform.
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The President is committed to reducing the deficit through a balanced approach—one that restrains spending across the budget, including in the tax code; asks the wealthiest among us to contribute to deficit reduction; and lays the foundation for future growth.
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Instead of accepting the status quo, President Obama has worked from day one to change how business is done in Washington. Under his direction, the Administration has moved to eliminate wasteful spending, streamline what works, and modernize how government operates to save money and improve performance.
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Five Things You SHould Know

The Campaign to Cut Waste is hunting down and eliminating misspent tax dollars in every agency and department across the federal government. Already, the Administration has identified $3 billion in information technology cost reductions, is shutting down hundreds of duplicative data centers, and getting rid of excess federal real estate. Learn more


For the first time in 13 years, the federal government decreased contract spending. In 2010, contract spending was $80 billion less than it would have been, had it continued to grow at the same rate as it did under the Bush Administration. Learn more


In the 2012 Budget, the President proposed 211 terminations, reductions and savings measures which will save more than $33 billion in 2012 and $400 billion over the next decade. Learn more (PDF)


President Obama's directive to the federal government to use common-sense and buy office supplies in bulk should save us up to $200 million over the next four years. Learn more (PDF)


Federal agencies are using the latest technology to combat fraud and slash erroneous payments and have made significant strides, tripling the amount of improper payments to contractors recaptured last year. Learn more