Obama Two Steps Again: Spending Freeze

January 27, 2010 12:00 PM 1 comment

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From the Washington Post:

Under mounting pressure to rein in mammoth budget deficits, President Obama will propose in his State of the Union address a three-year freeze on federal funding that is not related to national security, a concession to public concern about government spending that could dramatically curtail Obama’s legislative ambitions.

Obama’s spending freeze won’t save much anyway… using the TARP money repaid by U.S. banks with interest to pay down the debt would actually be a higher dollar amount.

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