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- May 17, 2008
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After Increasing Spending By 84% – Obama Will Propose Spending “Freeze” Tonight
Barack Obama tripled the national deficit in one year. This last year the deficit was $1.29 Trillion dollars. Spending was up 84% under Obama.
Today, ABC celebrated the news today Obama will announce a “freeze” on spending tonight.
ABC reported:
Pursuing a path of deficit reduction and government reform, President Obama will tonight in his State of the Union address call for a ban on earmarks and he will propose an overall budget freeze, ABC News has learned.
The proposals come as the president prepares to tackle the deficit and debt and as he faces a House of Representatives in Republican hands, many of whose members include those affiliated with the Tea Party who may be willing to embrace both moves.
The president will propose some new spending in certain areas that address the speech’s theme of “How We Win the Future”: innovation, education and infrastructure. But those increases will be proposed as part of an overall budget freeze, which given the annual rate of growth is often seen in Washington, DC, budgeting as a cut.
The FY 2011 budget was $3.8 trillion. Last year President Obama proposed a three-year hard freeze on non-security discretionary spending, to save $250 billion over the next decade; this would be much broader.
As for earmarks, President Obama has long been critical of the process in which members of Congress insert their pet projects into legislation without having them first go through the normal appropriations process, but Congress has continued to put billions of dollars of such projects in bills that arrive at the president’s desk.
Barack Obama tripled the national deficit in one year. This last year the deficit was $1.29 Trillion dollars. Spending was up 84% under Obama.
Today, ABC celebrated the news today Obama will announce a “freeze” on spending tonight.
ABC reported:
Pursuing a path of deficit reduction and government reform, President Obama will tonight in his State of the Union address call for a ban on earmarks and he will propose an overall budget freeze, ABC News has learned.
The proposals come as the president prepares to tackle the deficit and debt and as he faces a House of Representatives in Republican hands, many of whose members include those affiliated with the Tea Party who may be willing to embrace both moves.
The president will propose some new spending in certain areas that address the speech’s theme of “How We Win the Future”: innovation, education and infrastructure. But those increases will be proposed as part of an overall budget freeze, which given the annual rate of growth is often seen in Washington, DC, budgeting as a cut.
The FY 2011 budget was $3.8 trillion. Last year President Obama proposed a three-year hard freeze on non-security discretionary spending, to save $250 billion over the next decade; this would be much broader.
As for earmarks, President Obama has long been critical of the process in which members of Congress insert their pet projects into legislation without having them first go through the normal appropriations process, but Congress has continued to put billions of dollars of such projects in bills that arrive at the president’s desk.
