Thursday, January 28, 2010

(NHN) Okay, "less than 3%," not 1%. Same Difference!

"The most troubling example yet is his sudden turn toward a spending freeze, which appears to be nothing more than pandering to the angry right. There are many reasons why this will not work as policy or politics, beginning with the nature of the proposal and concluding with its certain impact.

By exempting the military, homeland security, veterans and international affairs, the plan will affect less than one-fifth of the entire federal budget, total less than 3 percent annually and save about $25 billion per year over the coming decade. The president’s conservative critics in Congress and the media will eagerly and easily lampoon this level of cutting as insignificant and insufficient (although the Republicans will offer no realistic alternative).

As a sop to citizens concerned about the deficit, the Obama freeze is unlikely to make any impression. It smacks of a cynical gesture designed to respond to the latest polls."

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