"President Obama will call for a three-year freeze in spending on many domestic programs, and for increases no greater than inflation after that, an initiative intended to signal his seriousness about cutting the budget deficit, administration officials said Monday."
Read more in New York Times, January 25, 2010.
Comment: We just emailed the following comment to the New York Times:
"This is crazy -- playing politics with the economy in the middle of a very serious crisis.
"After stuffing hundreds of billions into Wall St. for bonuses, now it's time to abandon homeowners, the unemployed, and much of the middle class."
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