Tuesday, January 26, 2010
Budget Freeze is Proposed
In order to fight the US' $1.4 trillion deficit, President Obama has proposed a three-year stop in spending. This would account for 1/6Th of the federal budget. There will be limits on discretionary spending, but not on military, veterans, homeland security, social security, Medicare and international affairs. The freeze would be on 17% of the budget, $447 billion, which hopefully will save $250 billion over the decade. The cuts potentially will be in the departments of Housing and Urban development, Justice, Energy, Transportation, Agriculture, and Health and Human Services. This is just one of several proposals that will be in the State of the Union address. This is all in efforts to fix our economy and the huge amount of spending that the Democrats have done since in office. Along with the proposal to scale back the federal budget, there is talk of energy reformations and more support for middle-class families.
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2 comments:
I think this proposal may actually benefit the US. There has been too much spending and for the economy to speed up the recovery process, there has to be minimum spending.
I agree with Mishaal. Something needs to be done to curb government spending. As Obama said in his State of the Union address, the government should have to make cutbacks like everyone else in the United States. It is discouraging to see that some of the cuts might be made in the energy sector due to all the recent news about climate change and the United States leading the way. How are we supposed to lead the way while making cuts in possible energy research?
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