James Pethokoukis

Politics and policy from inside Washington

The Obama Freeze

January 26, 2010

A few thoughts on the Big Budget Freeze:

1) Estimated annual savings of $25 billion over the next decade aren’t much when annual budget deficits will likely average a trillion dollars.

2) The freeze would use current spending levels, elevated to fight the recession, as a reference point. The stimulus gets locked in!

3) The 2011 budget deficit, according to the Congressional Budget Office, will be $980 billion, or 6.53 percent of GDP. With the Obama freeze, the deficit would be 6.43 percent of GDP.  Rounding error!

And while I am on the topic, instead of a budget commission, I would prefer a commission on how to boost economic growth.

Comments

Several weeks back you remarked that the whole point of the Medicare legislation was to enshrine, permanently, big government in Washington and to neuter any possibility of a Reagan revolution. It appears you were right, Mr. P! Taking today’s bloated budget as the baseline going forward will accomplish much the same thing, with Medicare now DOA. The sooner this Nobama gang is gone, the better.

Posted by gotthardbahn | Report as abusive
 

The “freeze” is the latest scene in the Impressionist Lanscape.

We will see dozens of similar ploys, all designed to hazily paint the marxist as the people’s friend. Meanwhile, he will continue to undermine the country by leveraging the most powerful position in the world for 7 more years.

They no doubt are angling to keep their majorities in the November elections, but it isnt likely they think that is critical. No matter what happens with legislation, they will be working their magic with executive orders and by stocking the bureaucracy with true believers.

But don’t worry, Lenin afficionadoes!! They won’t make the mistake again of praising Mao in public.

Posted by proreason | Report as abusive
 

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