Posted by: Joe Eds | January 26, 2010

Spending Freeze

Hit the news wires last night. In brief summary, the President will call for a three-year freeze in spending on many domestic programs, and for increases no greater than inflation after that.  This move is to show he is seriousness about cutting the budget deficit, administration officials said late Monday. Standard operating procdure. Let the news hit late-Monday, pundits and talk show hosts discuss heavily on Tuesday. We hear what the President has to say about it Wednesday night at the State of the Union.

The key word is “many.” What domestic programs do not have a spending freeze? Well, security-related budgets for the Pentagon, foreign aid, the Veterans Administration and homeland security. Also entitlement programs like Medicare, Medicaid and (wait for it) Social Security. All of which make up the biggest part of our domestic spending.

Part of me likes this idea. You want to decrease our budget deficit we need to spend less. This seems to follow that logic. Wonder what the columnists think about this? Krugman calls this move “appaling.” Rachel Maddow, on her show last night, described this plan as “trying to put out a fire by poring gasoline on it” and continued the claim that deficit spending is the best way to get out of a recession. But John McCain is happy.

Who cares about the budget deficit getting too big? Independents. Which is who the Dems need to stay in power.

Then Ezra Klein’s web site dug up this clip up from all three presidential debates. Ouch. I mean this is bad in terms of “flip flopping”. Of course, you could see it as a President reaching across the aisle and changing his mind.

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