President Obama plans to announce a three-year freeze on discretionary, "non-security" spending in the lead-up to Wednesday's State of the Union address, Hill Democratic sources familiar with the plan tell POLITICO.Obama will make a populist pitch to suggest that this freeze means something, but after jacking up federal spending by a factor of something like 300% this freeze isn't going to mean much.
The move, intended to blunt the populist backlash against Obama's $787 billion stimulus and an era of trillion-dollar deficits -- and to quell Democratic anxiety over last Tuesday's Massachusetts Senate election -- is projected to save $250 billion, the Democrats said.
The freeze would not apply to defense spending or spending on intelligence, homeland security or veterans.
The proposal is in line with a plan floated by Sen. Evan Bayh (D-Ind.), a fiscal hawk, who told Bloomberg's Al Hunt last week that there was a "fighting chance" Obama would propose a freeze in most discretionary spending by the federal government as part of his address.
And the really good news is the left is going absolutely wacky over this proposed freeze. The Won just can't win.
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