Obama to propose spending freeze - Glenn Thrush and David Rogers - POLITICO.com

Obama to propose spending freeze - Glenn Thrush and David Rogers - POLITICO.com

President Obama plans to announce a three-year freeze on discretionary, “non-security” spending in the lead-up to Wednesday's State of the Union address, Hill Democratic sources familiar with the plan tell POLITICO.

The move, intended to blunt the populist backlash against Obama's $787 billion stimulus and an era of trillion-dollar deficits — and to quell Democratic anxiety over last Tuesday's Massachusetts Senate election — is projected to save $250 billion, the Democrats said.

The freeze would not apply to defense or foreign aid or spending on intelligence, homeland security or veterans.



Read more: http://www.politico.com/news/stories/0110/31989.html#ixzz0dgEwQClU