Obama takes knife to federal spending
Americans are about to get a first glimpse of what tight-fisted federal government looks like with President Barack Obama releasing an austerity-tinged draft budget today even as Republicans move to push through a short-term spending plan featuring a far more radical range of spending cuts. The arrival of Obama’s 2012 budget blueprint in Congress will be the starting pistol for a fight over federal spending that might just lead to a ground-breaking pact by both parties on getting United States spending habits under control. The White House is also seeking an agreement on raising the debt ceiling. More likely, however, the debate will degenerate quickly into warfare, with Republicans seeking…
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Obama takes knife to federal spending
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on February 14, 2011. Filed under
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