The Obama Budget had cause many controversies. He has some promises that really give hope to his fellowmen. But in his term this is quite challenging because of the recession that occurs. We all know that the tax is the source of government funds in all his projects and eventhou his proposals requires more spending of money I think he will be doing this in his citizen sake. But one of the first things that have come under the ax, going along with the Obama speech on the economy, is government contract spending. These contracts had been awarded for the last few years without any bidding process; they were just handed out. The contract cuts to the Obama budget are going to save almost $300 billion on defense contracts alone. So for you Obama goodluck! CLICK HERE TO READ MORE: http://personalmoneystore.com/moneyblog/2009/03/04/obama-pledges-cut-wasteful-spending/