Tuesday, January 25, 2011

Official: Obama to call for 5-year spending freeze

This week I read an article about Obama calling for a 5 year spending freeze during his State of the Union Address. The main points of the article are:
  • A White House official says President Barack Obama will call for a five-year freeze in non-security, discretionary spending during his State of the Union address
  • The official says the proposal will be part of the president's plans to reduce the deficit that he will outline in Tuesday's primetime address
  • Obama wants lawmakers to back five-year plan put forth by Defense Secretary Robert Gates to save $78 billion in defense spending.
  • putting forward a five-year plan put forward by Secretary Gates to achieve $100 billion in defense savings."
President Obama is under a lot of pressure by everyone to cut savings. In his State of the Union Address the President plans on proposing a five-year freeze of defense spending in non-discretionary spending He also wants lawmakers to back his plan to save 78 billion dollars in defense spending. I think that we need to cut spending to help lessen our enormous deficit. I just hope the cuts are what's best for our country.

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