Pursuing a path of deficit reduction and government reform, President Obama will tonight in his State of the Union address call for a ban on earmarks and he will propose a five year budget freeze on non-security related discretionary spending, ABC News has learned.
The president will propose some new spending in certain areas that address the speech’s theme of “How We Win the Future”: innovation, education and infrastructure. But those increases will be proposed within the context of a proposed partial budget freeze.
The FY 2011 budget was $3.8 trillion; $1.415 trillion of which was discretionary spending. The president's proposal would save, according to estmates, roughly $400 billion.
If a partial freeze of discretionary spending sounds strangely familiar, that's because it's almost exactly what the president proposed last year:
Last year President Obama proposed a three-year hard freeze on non-security discretionary spending, which White House officials said would save $250 billion over the next decade. (Non-discretionary spending includes items such as Social Security and Medicare).
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