Comments Subscribe to Personal Liberty News Feed Subscribe to Personal Liberty
 

Obama To Announce Three-year Federal Spending Freeze

January 27, 2010 by  

Obama to announce three-year federal spending freezeDuring his State of the Union address tonight night, President Obama will announce a proposal for a partial three-year federal spending freeze for programs unrelated to national security beginning in 2011.

The Obama administration estimates that the freeze, which would exempt the cost of Pentagon spending, homeland security funding and foreign aid, would save approximately $250 billion over the course of a decade, but only $15 billion in the plan’s first fiscal year.

The president’s proposal has been greeted with skepticism from both sides of the aisle, as many think the freeze is insignificant in the context of the federal deficit, which is projected to hit $1.35 trillion in 2010.

"Given Washington Democrats’ unprecedented spending binge, this is like announcing you’re going on a diet after winning a pie-eating contest," said Michael Steel, spokesman for House Minority Leader John Boehner, quoted by Fox News.

The Economist referred to the proposed freeze as a "bright shining gimmick" because it doesn’t account for major portions of the budget including defense spending, NBC.com reports.

Meanwhile, Republican Senator John McCain from Arizona has said he supports Obama’s proposal, but recommends that the president reject a $90 billion job creation stimulus bill that is currently being debated in Congress as well as veto any appropriations bill that contains pork barrel spending.
ADNFCR-1961-ID-19579885-ADNFCR

Special To Personal Liberty

You Sound Off! is written by our readers and appears the last Wednesday of each month. If you would like to submit an article or letter to the editor for consideration for You Sound Off!, send it to yousoundoff@personalliberty.com by the Friday before the last Wednesday of the month. To be considered, a submission should be 750 words or less and must include the writer's name, address and a telephone number. Only the writer's name will be published. Anonymous submissions will not be considered.

Facebook Conversations

Join the Discussion:
View Comments to “Obama To Announce Three-year Federal Spending Freeze”

Comment Policy: We encourage an open discussion with a wide range of viewpoints, even extreme ones, but we will not tolerate racism, profanity or slanderous comments toward the author(s) or comment participants. Make your case passionately, but civilly. Please don't stoop to name calling. We use filters for spam protection. If your comment does not appear, it is likely because it violates the above policy or contains links or language typical of spam. We reserve the right to remove comments at our discretion.

Is there news related to personal liberty happening in your area? Contact us at newstips@personalliberty.com

Bottom
close[X]

Sign Up For Personal Liberty Digest™!

PL Badge

Welcome to PersonalLiberty.com,
America's #1 Source for Libertarian News!

To join our group of freedom-loving individuals and to get alerts as well as late-breaking conservative news from Personal Liberty Digest™...

Privacy PolicyYou can opt out at any time. We protect your information like a mother hen. We will not sell or rent your email address to anyone for any reason.