“Starting in 2011, we are prepared to freeze government spending for three years.”
- President Obama, January 27, 2010
1. President Obama is freezing only 13 percent of the budget for only 3 years.
2. President Obama is spending $500 billion of the $800 billion stimulus that hasn’t already been spent.
3. President Obama is spending $500 billion of the bank bailout money that the banks are paying back.
“Obama’s announced intention to freeze 13 percent of the budget for three years is a relatively minor cut. It will trim the deficit by only 3 percent over the decade.”
- Dick Morris
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