Government Math

So, let me get this right... You ramp up spending to the highest level EVER, by FAR. Then you say, We're going to freeze spending at that high level and it's going to save $26 Billion over FIVE years. That's $5 Billion per year. We are running at a $1,300 Billion ($1.3 Trillion) YEARLY deficit! If you buy the logic that freezing spending increases saves you money, still Were talking about a proposal that cuts a whopping 0.3% out of our OVERAGE of the yearly budget. It sure seems like that's going to help...

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The Wall Street Article:
WASHINGTON—The federal government's budget deficit is expected to grow about 14% to $1.48 trillion by the end of the current fiscal year, the Congressional Budget Office said Wednesday.
http://online.wsj.com/article/SB10001424052748703293204576105902436635610.html
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Obama to call for spending freeze (The Lookout)
White House officials are now telling reporters that the president will call for a five-year freeze on discretionary spending, "as a down payment toward reducing the deficit."

But the freeze appears largely symbolic. It won't affect the major contributors to the federal deficit: Social Security, Medicare, and defense spending. It also won't apply to interest payments on the federal debt, homeland security or foreign aid -- the latter being a favorite target of small government advocates, though it represents a tiny share of government spending.

The plan would save a modest $26 billion over five years, the White House says.

Separately, President Obama will get behind a plan by Defense Secretary Bob Gates to cut defense spending by $78 billion, the White House says.
http://news.yahoo.com/s/yblog_thelookout/20110125/us_yblog_thelookout/obama-to-call-for-spending-freeze-but-major-items-unaffected
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