At his first State of the Union address, Obama is going to propose a so-called spending freeze. The spending freeze is supposed to be a three-year freeze on domestic spending, with only inflationary increases after that. The freeze would not apply to defense spending, entitlements or foreign aid.
This move is designed to appeal to the independent voter who has loss support for Obama and who does not pay much attention to the details. The details are key to understanding why this so-called freeze is utter BS.
First, the amount of the Federal budget that this freeze actually applies to is about 1/8th the entire budget. Worse yet, entitlements which is what is really breaking our budget remains untouched. Second, Obama is applying the freeze to the 2011 budget. Currently the portion that the freeze applies to is already 27% higher that 2008! So the idea that spending will not keep up with inflation during the 3 years is nonsense, it is already factored in there.
Projected savings from the freeze will about to about $15 billion a year. Meanwhile we will be running budget deficits of $1.5 trillion a year. So we are not even talking about in 1% savings or reductions. Thus this freeze is purely political and irresponsible.
Despite the smoke and mirrors behind the freeze, the left seems to be apocalyptic. They are treating this bogus freeze like they were spending cuts. I cannot imagine with our $1.5 trillion a year deficit spending why they are crying over cuts, both real or imagine. How irresponsible is it not to realize that we are on an unsustainable path?
During the 2008 elections, Obama repeatedly ridiculed John McCain for proposing a spending freeze.
This video is probably one of the best tools for opening the eyes of the uninformed so that they don’t fall for Obama’s political gimmick.
Via: The New York Times
Via: Breitbart TV
Via: Hit and Run