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A free floating commentary on culture, politics, economics, and religion based on a passionate commitment to the truth and a desire graciously to refute that which is contrary to it….
"He must hold firm to the sure word as taught, so that he may be able to give instruction in sound doctrine and also to confute those who contradict it."
--Titus 1:9, Revised Standard Version
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Three Year Spending Freeze
Will Say: "The budget oversight of the last ten years, followed by the Great Recession, followed by federal government's swift and successful efforts to end the recession, have put America's finances in a terrible hole. Our current deficit is necessary. But it is also gaping and unsustainable. There are many things we need to do to fix our national balance sheet, but the first step is to tie a belt around federal spending. That's why I'm proposing a three-year freeze on all discretionary spending not directly related to our national security. It is not sufficient to solve our deficit crisis. But it is a necessary and important start. "
Won't Say: Obama knows that everybody is worried about the deficit -- moderates, Republicans, bondholders. We can't do anything non-gimmicky and substantive because Republicans won't raise taxes and Democrats won't cut services. So here's something gimmicky and mostly without substance. We're freezing less than 25% of the budget, which should save $15 billion in a year where the deficit is expected to pass $1.3 trillion.
Read it all.
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