Heh. Nice headline, right?
So, it appears as though the President will be proposing a significant budgetary adjustment in his State Of The Union address next week:
President Barack Obama, under pressure from deficit hawks, will seek a three-year freeze on domestic spending in his 2011 budget that would save $250 billion by 2020, administration officials said on Monday.Also worth noting:
Obama will outline the spending hold-down in his State of the Union address on Wednesday and will spell it out in detail on February 1, when he unveils his second budget.
Obama is under fire for a record deficit and has called for a bipartisan congressional commission to consider spending cuts and tax increases to improve the country's fiscal outlook.
Obama's proposed budget savings will need congressional backing and would exclude Defense, Veterans Affairs, Homeland Security and spending on international affairs, the officials said.Is this a good move? Or, are the Democrats simply delaying the inevitable?
"We are in the midst of fighting a war and have security needs. We're going to fund those security needs as necessary," one of the officials told reporters, speaking on condition of anonymity.
Either way, it looks as though the President is getting more fiscally conservative -- perhaps out of political necessity.
Maybe that light saber will come in handy for making cuts. Get it? Heh.