President Obama announced a plan today to cut federal spending by $1.1 trillion over the next ten years. That’s an average of $110 billion per year, or a little less than 3 percent of federal spending. My employer, CEI, issued a press release about the proposal today that quotes several of our experts. Here’s what I said:
$400 billion of President Obama’s proposed budget cuts would come from freezing non-security discretionary spending, which means it would stay the same. A cut is when spending goes down. While this proposal is better than nothing, at least a third of it is based on false advertising.
You can read the full press release here.
Inertia Wins! 