Obama Offers Guidance On Stimulus Spending
President Obama has continued to stress the importance of spending stimulus money not just quickly but well.
In a memo released Friday, the president said it is imperitive to spend the money on worthy projects.
"'We must not allow Recovery Act funds to be distributed on the basis of factors other than the merits of proposed projects or in response to improper influence or pressure. We must also empower executive department and agency officials to exercise their available discretion and judgment to help ensure that Recovery Act funds are expended for projects that further the job creation, economic recovery, and other purposes ofRecovery Act and are not used for imprudent projects.'"
From the Washington Post:
"President Obama today announced 'unprecedented restrictions' aimed at deterring lobbyists from influencing projects under a massive economic stimulus plan and vowed that recovery efforts will not become 'an excuse for waste and abuse.'
Elizabeth Newell of Government Executive had this take:
"President Obama on Friday issued a directive to federal agencies outlining appropriate spending under the 2009 American Recovery and Reinvestment Act.The guidance is aimed at ensuring spending decisions are predicated on how programs will benefit the economy.
"'Decisions about how Recovery Act dollars are spent will be based on the merits,'" Obama told the National Conference of State Legislatures. Initiatives that maximize job creation, make health care affordable, rebuild crumbling roads and bridges, or provide other 'enduring benefits' to taxpayers must take priority, he said."
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Posted by: lquarton | March 25, 2009 1:01 AM
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