Thursday, May 7, 2009

Obama Proposes $17B Spending Cut While Pushing $3.4T Budget

Obama proposed a $17 billion spending cut. At the same time he is pushing $3.4 trillion budget. The cut will not do much t curtail the $1.17 trillion deficit. At least $17 billion is more than the $100 million he wanted trimmed (Berman Post: Obama's $100M budget Cut Visualized). About half of the cuts come from defense programs. His proposal is running into opposition in Congress.

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