Obama to Propose Budget Freeze

As the State of the Union address quickly approaches on Wednesday night, many are wondering what President Obama is going to do about the growing concern regarding the federal deficit. It appears that Obama will propose a new spending freeze on the Congress budget for approximately three years. The freeze will affect a $477 billion plot of money put aside mainly for the annual appropriation of funds for domestic agencies. Interestingly enough, some agencies will gain more money than normal, while others will lose greatly because of the budget cuts. It is likely that the freeze will not affect all of the $477 billion, but rather around $250 billion over the course of a decade. The newly filibuster-proof republican numbers are pushing for this budget reform. This presidential action shows the role of the president as the chief of state, and the virtual image for the head of our nation's economy. The president's approval rating strongly relies on the state of the economy, which is why Obama is listening to the people when it comes to economic care. The article link is here.