SpendingFreeze News

SpendingFreeze News From AOL News

Opinion: President's Budget Is a Start, at Least

(Feb. 1) -– The president's budget elevates the issue of fiscal responsibility (good), but fails to achieve it (not good). President Obama proposes spending $3.8 trillion next year and borrowing $1.3 trillion of that. The massive deficits the nation now faces would gradually fall to $706 billion in 2014, before...

Spending Freeze Could 'Hit the Congress Where It Lives'

WASHINGTON (Jan. 26) – President Obama's proposal to freeze certain federal spending will have a tiny impact on the nation's deficit but a big one on some citizens who could see cuts to programs they rely on, according to budget experts. Obama wants to hold spending on $447 billion worth of domestic programs level...

Opinion: Spot the Savings, If You Can

(Jan. 26) – If the old cliché about how "little things mean a lot" holds true in the world of Washington spending, then the Obama administration's plan to freeze some federal spending for three years is a big deal. But that's about the only way this plan could be characterized as a big deal. By every other measure,...

Obama Takes Heat From Left Over Spending Freeze

(Jan. 26) -- A lot of commentators on the left think the three-year spending freeze President Barack Obama will announce in his State of the Union speech is a mistake of historic proportions. The plan is intended to save $250 billion over 10 years and would affect 17 percent of the federal budget, according to...