The Discretionary Spending Freeze And What It Means For You

Courtesy Donklephant  Tue, 01/26/2010 - 11:31pm

First, the relevant facts about the budget that’s set to be released on Feb 1…

About $447 billion will be devoted to funding the government — the parts that aren’t mandated by law (the entitlements) or aren’t related to defense, intelligence, veterans or national security issues.

Obama will promise to veto any budget that exceeds that threshold, NOT adjusted for inflation, over the next three years.

$250 billion would be saved over the baseline.

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