Obama pledges to cut wasteful spending

CHICAGO (AP) -- President-elect Barack Obama is pledging to eliminate unnecessary government spending and programs.

He's vowing to get rid of programs that have outlived their usefulness, or that exist solely because of the power of politicians.

As he named Peter Orszag as his White House budget chief, Obama told reporters that budget reform is a necessity, not just an option. He said it's not about big government or small government, it's about smarter government.

Renewing his campaign pledge, he said his staff is going through the federal budget, page by page and line by line, to make sure that those programs that are kept are done sensibly.

Obama's comments come even as he calls for an economic rescue plan that could add up to hundreds of billions of dollars.

(Copyright 2008 by The Associated Press. All Rights Reserved.)

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