This is entirely speculation, but does anyone here think it may be possible that those foreign entities which have invested so much in the US dollar are pushing for this? It seems reasonable to me that they would have a huge amount of political swing to get something like this undertaken. Perhaps next year when the government keeps spending and spending they will finally pull the plug?
Like I said, pure speculation, but I would like to hear others thoughts.
It is only a gimmick to please his supporters who are becoming increasingly nervous at the size of the budget shortfall and the amount of interest owed on the deficit. As it becomes more obvious that these idiotic stimuli fail to stimulate the economy, Obama the Great must use more of these to keep his own supporters in line.
Plus, a spending ‘freeze’ right after a massive spending increase, and a ‘freeze’ that excludes this and that and the other, isn’t really a freeze. I mean, if a drunk says, “I’m freezing my spending on liquor!”, and you notice before he made the announcement he bought a few years worth of Jack Daniel’s and he also stated he has no intention of freezing spending for wine and beer, what would be your response?
Anyway, why the hell does anyone watch any political speech anymore? Exactly what is the appeal of some empty suit babbling politically correct BS that you know is a load of lies? You know it, they know it, is it just for appearances?
Most of the unfunded liabilities are in the areas which he said who not be affected by the “freeze”.
Why do would someone watch the news? Or market prices? Or pay attention to interest rates?
So I can make money.
Greatest response ever!
Yea Jonathan’s right. He basically stated that he was freezing about 10% of the budget… WOOOHOOO!!!
No no, this is an actual spending freeze!
Just like Roosevelt’s “two budgets”: the “regular” federal budget (the balanced one!), and the “emergency budget,” (the completely out of control debt-funded one). Do you understand now? [^o)]
(It’s all for show, maybe in part for China and other foreign entities, but of course we all know it’s an illusion for the stupid.)