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News Link • Economy - Economics USA

Obama seeking to trim 2010 budget by $17 billion

• Reuters

1 Comments in Response to

Comment by Brock Lorber
Entered on:
Washington Post:

**QQ**The proposed cuts, if adopted by Congress, would not actually reduce government spending. Obama**Q**s budget would increase overall spending; any savings from the program terminations and reductions would be shifted to the president**Q**s priorities.

But the more likely outcome, budget analysts said, is that few to none of the programs targeted by Obama will be terminated. Presidents from both parties have routinely rolled out long lists of spending cuts -- and lawmakers from both parties routinely ignore them. **QQ**

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