Maybe Obama has come around on fiscal responsibility
Posted: January 25th, 2010 | Author: Daniel | Filed under: politics | Tags: obama | No Comments »Yesterday Obama’s proposed the lame idea of a comission on fiscal responsibility after the November elections. Apparently this idea was treated with a great deal of scorn because he’s back today with a decent idea—a spending freeze:
President Obama plans to announce a three-year freeze on discretionary, “non-security” spending in the lead-up to Wednesday’s State of the Union address, Hill Democratic sources familiar with the plan tell POLITICO.
The move, intended to blunt the populist backlash against Obama’s $787 billion stimulus and an era of trillion-dollar deficits — and to quell Democratic anxiety over last Tuesday’s Massachusetts Senate election — is projected to save $250 billion, the Democrats said.
The freeze would not apply to defense spending or spending on intelligence, homeland security or veterans.
The proposal is in line with a plan floated by Sen. Evan Bayh (D-Ind.), a fiscal hawk, who told Bloomberg’s Al Hunt last week that there was a “fighting chance” Obama would propose a freeze in most discretionary spending by the federal government as part of his address.
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