However, it said most of these changes produced "one-time savings" and would reduce the deficit by only $6 billion a year in the future.

The cutbacks, he said, will result in a one-time saving of $60 million.

In fact, the report criticizes the Mayor for making $474 million in budget changes that provide only one-time savings.

And it criticized the Mayor's use of budget actions that provided one-time savings without addressing the city's core fiscal problems.

But this is a one-time saving that is projected to add to the deficit in the future because of lost interest revenue.

While President Bush's plan might achieve small, one-time savings, it does nothing to slow the continuing growth of health-care costs.

That could generate a one-time savings of about $3 billion.

But after that one-time saving, the cost of hospitalization began rising again.

But he also said that the excess over $23 billion could be achieved through one-time savings, such as through the sale of Federal assets.

It also relies on one-time savings that have not yet happened and may never.