President-elect Barack Obama is not only filling federal agency and
Cabinet posts, he's creating new ones. On Wednesday Obama named Nancy
Killefer to the post of "chief performance officer," a newly created
economic position that will oversee the federal budget and reform
government.
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"We can no longer afford to sustain the old ways
when we know there are new and more efficient ways to getting the job
done," Obama told a press conference in Washington. Killefer, he said, is
"an expert in streamlining processes and wringing out inefficiencies."
Killefer,
a senior director for McKinsey & Co. who served as an assistant
secretary of the Treasury Dept. in former President Bill Clinton's
administration, is expected to work with federal agencies to set
performance standards to control budget waste and improve efficiency.
"We
committed to change the way our government in Washington does business
so that we're no longer squandering billions of tax dollars on programs
that have outlived their usefulness or exist solely because of the
power of a lobbyist or interest group," Obama said. "We can no longer
afford to sustain the old ways when we know there are new and more
efficient ways of getting the job done."
Obama also said at the
news conference that reforming government entitlement programs, such as
Social Security and Medicare, would be "a central part" of his effort
to control federal spending. Noting that the Congressional Budget
Office had just estimated he would inherit a $1.2 trillion federal
deficit for fiscal 2009, Obama promised to cut unnecessary spending. -
Donna Block
Comments
Well, Ms. Killefer was given a big responsibility by President Obama. This would really test her because she has a big role in repairing the economical trouble that we are now facing. Nancy Killefer won't be looking at payday loans for a while. Ms. Killefer has just been named as the Chief Performance Executive for President Elect Barack Obama's Executive team. Many just may wonder what a Chief Performance Officer is, as only a few corporations keep one on staff. A Chief Performance Executive makes sure that the services or products that a company offers performs up to standards, like payday loans, and the Obama administration will need all the help it can get. She has most likely been picked to ensure that the measures that President Obama oversees to revamp the nation's sluggish economy do what they are intended to do, as in get the American economy out of the recession, and get America back on track. One of his first plans is a stimulus that will get payday loans to the American people. To find out a bit more click payday loans to find out just what her office will be about.