President Obama will call for a three-year freeze in spending on many domestic programs, and for increases no greater than inflation after that, an initiative intended to signal his seriousness about cutting the budget deficit, administration officials said Monday.
The officials said the proposal would be a major component both of Mr. Obama's State of the Union address on Wednesday and of the budget he will send to Congress on Monday for the fiscal year that begins in October.
The freeze would cover the agencies and programs for which Congress allocates specific budgets each year, including air traffic control, farm subsidies, education, nutrition and national parks.
By the way, this proposal of Obama's will save a total of around $250 billion by 2020 - not insignificant but far short of what will be needed.
The payoff in budget savings would be small relative to the deficit: The estimated $250 billion in savings over 10 years would be less than 3 percent of the roughly $9 trillion in additional deficits the government is expected to accumulate over that time.
I would suggest President Obama ask some good Republican for a hatchet. He's going to need it.
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