Obama’s “Spending Freeze” is Complete Fraud: Locks in 20% Higher Spending
By David J. Theroux • Wednesday January 27, 2010 9:44 AM PST •
Charles Krauthammer reveals on the “O’Reilly Factor” on Fox News that President Barack Obama’s “spending freeze” is a complete fraud, in which Obama is not just excluding all major areas of federal government spending (i.e., discretionary, Social Security, military, stimulus, etc.), but is locking in the already gigantic increases in federal department spending levels that were ratcheted up during Fiscal Years 2009 and 2010 by an average of 20%. Clearly, Obama is concerned about the enormous loss of support from independents in the recent elections in New Jersey, Virginia, and Massachusetts, and he believes that a rhetorical trick will be enough to fool people into supporting him after all. As Krauthammer notes:
So what the freeze is doing essentially is the opposite of what it looks like. Instead of reducing the spending, it’s locking in these huge increases that were instituted last year.
Tags: Bailouts, Budget and Tax Policy, Corruption, discretionary spending, Economics, Elections, federal spending, Government subsidies, Media, Military, Obama, Politics, Presidential Power, Propaganda, Social Security, Socialism, stimulus, The State, Transparency, Video