Exercise Leadership in the Provision of Global Public Goods: Our approach needs to reflect the fact that there are a set of development challenges that strongly affect the likelihood of progress, but cannot be addressed by individual countries acting alone. Particularly in Africa, these challenges—such as adaptation to global warming, the control of epidemic disease, and the knowledge to increase agricultural productivity—are not adequately addressed in bilateral efforts. We will shape the international architecture and work with our global partners to address these challenges, and increase our investments and engagement to transition to a low-carbon growth trajectory, support the resilience of the poorest nations to the effects of climate change, and strengthen food security. We must also pursue potential “game changers” for development such as new vaccines, weather-resistant seed varieties, and green energy technologies.
Spend Taxpayers’ Dollars Wisely
The United States Government has an obligation to make the best use of taxpayer money, and our ability to achieve long-term goals depends upon our fiscal responsibility. A responsible budget involves making tough choices to live within our means; holding departments and agencies accountable for their spending and their performance; harnessing technology to improve government performance; and being open and honest with the American people. A responsible budget also depends upon working with our global partners and institutions to share burdens and leverage U.S. investments to achieve global goals. Our national security goals can only be reached if we make hard choices and work with international partners to share burdens.
Reduce the Deficit: We cannot grow our economy in the long term unless we put the United States back on a sustainable fiscal path. To begin this effort, the Administration has proposed a 3-year freeze in nonsecurity discretionary spending, a new fee on the largest financial services companies to recoup taxpayer losses for the Troubled Asset Relief Program (TARP), and the closing of tax loopholes and unnecessary subsidies. The Administration has created a bipartisan fiscal commission to suggest further steps for medium-term deficit reduction and will work for fiscally responsible health insurance reform that will bring down the rate of growth in health care costs, a key driver of the country’s fiscal future.
Reform Acquisition and Contracting Processes: Wasteful spending, duplicative programs, and contracts with poor oversight have no place in the United States Government. Cost-effective and efficient processes are particularly important for the Department of Defense, which accounts for approximately 70 percent of all Federal procurement spending. We will scrutinize our programs and terminate or restructure those that are outdated, duplicative, ineffective, or wasteful. The result will be more relevant, capable, and effective programs and systems that our military wants and needs. We are also reforming Federal contracting and strengthening contracting practices and management oversight with a goal of saving Federal agencies $40 billion dollars a year.