Obama says he'll cut wasteful spending

Reuters has the story:

"As surely as our future depends on building a new energy economy, controlling healthcare costs and ensuring that our kids are once again the best educated in the world, it also depends on restoring a sense of responsibility and accountability to our federal budget," Obama said.

"Without significant change to steer away from ever-expanding deficits and debt, we are on an unsustainable course," he added.

Naturally, the president named two new officials as part of "a team of management, technology and budget experts that will drive the process of trimming the fat and waste from government spending."

Because there is no problem that can't be solved by growing the bureaucracy, right?

"The bureaucracy is expanding to meet the needs of an expanding bureaucracy" —Unknown

Update: WhiteHouse.gov has the address