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Obama to Propose Five-year Spending Freeze

4 Comments

President Obama will call for a five-year freeze in non-security, discretionary spending during his State of the Union speech Tuesday night, according to a White House official.

The spending freeze will save roughly $400 billion through 2015, according to White House estimates.

“In areas outside the freeze, we also will be looking for cuts and efficiencies,” a White House official said. "For instance, the president is putting forward a five-year plan develope...

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  • Photo_user_blank_big

    klmklm

    over 1 year ago

    2 comments

    What needs doing is to open up all the energy this country has. Mostly exporting it.
    OIL, natgas. We have more oil in the baccen then in saudi arabia. Exporting this comodity alone
    would put us as the major exporter of the world and this country would reap the benefits, as do the middle east countries . Right now its estimated that we will be there in 2020.

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    shunya1020

    about 2 years ago

    14 comments

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  • Photo_user_blank_big

    dmckinleyp

    over 2 years ago

    2 comments

    Most of America is experiencing a gut-wrenching recession. They worry about their jobs every single day. At the same time, America is essentially BANKRUPT with accumulated debt that now equals our GDP, and is climbing at an alarming rate. The surest way to reduce the deficit - other than printing money and causing hyperinflation - is to make serious cuts in the budget.
    A truly just president would ask his employees to share the burden with the rest of the nation. There should be massive staff reductions across the entire federal bureaucracy. A five year freeze is simply not enough!

  • Photo_user_blank_big

    shawn_mcfadden

    about 3 years ago

    114 comments

    As long as he executes a balanced approach to lower the debt by also adjusting the tax code so that the rich, middle, and poor classes are taxed fairly. Everyony needs to realize, cuts and spending freezes are not enough. We have to also look at how the country gets it's income as well.

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