Monday, January 25, 2010

Every DEM needs to vote against this! [update]

Obama To Propose Major Spending Freeze Saving $250 Billion

Just how is Obama different from so-called supply-side, deficit-hawk Republicans?

Update, 12:07 p.m., 26 Jan: Oh, good - I'm not alone!
A few responses to Obama's "Spending Freeze" proposal:
Obama Allies Struggle To Defend Spending Freeze
(... yeah - I bet they do!)

Obama Liquidates Himself
Paul Krugman NYT Op-Ed
26 Jan 2010
A spending freeze? That’s the brilliant response of the Obama team to their first serious political setback?

It’s appalling on every level.

[emphasis added]

Obama's Tiny Jobs Ideas for Main Street, A Big Spending Freeze for Wall Street
Robert Reich on HuffPost
26 Jan 2010
... A spending freeze will make it even harder to get jobs back because government is the last spender around. Consumers have pulled back, investors won't do much until they know consumers are out there, and exports are miniscule.

Obama's Spending Freeze: A Return To Infantilism
The quotation lifted from Reich pretty much summarizes the economic argument against a freeze.

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