An administration that was first defined by a massive spending program to stimulate the economy is now highlighting cuts made in the FY'10 budget released today. President Obama just spoke about the line-by-line effort to find savings, which up to now has netted $17 billion.

"Even by Washington standards, that should be considered real money," Obama said. That figure, he added, could fund a tuition tax credit, larger Pell Grants and security at national parks. "Today we have taken an important step, albeit just a first step."

He acknowledged that some cuts are "painful," but urged lawmakers to sustain them. Defense cuts account for half of the $17 billion -- but Obama said the administration is eliminating only unnecessary spending that could "prevent us from spending money on what does keep us safe."

OMB Director Peter Orszag, who regularly blogged when he lead the Congressional Budget Office, posts today on the White House Web site about the administration's efforts.

"The steps we are detailing in Terminations, Reductions, and Savings are part of the Administration's larger effort to change how Washington does business and put the nation's fiscal house in order. Today represents a significant installment in our commitment to review the federal budget line by line," Orszag writes.

One problem, though: the link to the full list of terminations, reductions and savings is dead as of this posting, giving visitors a "File Not Found" message instead.