Obama wants a spending freeze - Macleans.ca
 

Obama wants a spending freeze

U.S. president looking to restrain discretionary spending


 

Administration officials say U.S. President Barack Obama will announce a proposal for a three-year spending freeze on some domestic programs during his State of the Union address Wednesday night. The proposal would apply to discretionary funding, which is used by domestic agencies with a congressionally-approved budget. Discretionary spending represented $477 billion of the $3.5 trillion budget last year. It is expected to grow by 10 per cent in 2010, adding to a deficit already projected to reach $1.3 trillion this year alone. Obama wants the freeze to start in 2011, which would initially lead to a small savings of $15 billion—a number that could grow to $250 billion over the next ten years. Critics on the left claim the White House shouldn’t be cutting spending while trying to fix the ailing economy, while Republicans, fresh off a major Senate victory in Massachusetts, insist the government should do more to cut into ballooning deficits.

CBC News


 
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Obama wants a spending freeze

  1. cut the free health care members of congress get

  2. Obama is going to try the 'boobs bait for bubba' approach but I don't think it's going to work.

  3. Ha! A spending freeze won't do a damn thing to help that economy, which is doomed.

  4. The problem is he will cut spending in areas where we need to spend but will not cut back the waste. Obama is good and rallying the trips and empty speeches, but is not a leader! I take Harper anyday over Obama.

    • Please do.. preferably somewhere far, far away.