Following up on our press release about the President's Fiscal Year 2011 budget proposal, here are a few more thoughts:
Annual discretionary spending:
- A major element of the Obama administration’s 2015 deficit reduction goal is a three-year freeze on non-security discretionary spending (FY 2011-2013). While the portion of the budget covered by the freeze is less than 20 percent, it would still save an estimated $29 billion in 2015 alone, and $249 billion over 10 years.
- Clearly, more must be done and even doing this will prove difficult. Nevertheless, The Concord Coalition supports the proposed freeze and, given current economic circumstances, agrees that it is appropriate to begin implementation in 2011. Concord also agrees that the freeze should not be across-the-board. Some programs may merit an increase while others can be cut. An aggregate freeze, as proposed, would help to set priorities and reduce waste.
- War costs in the budget are likely underestimated. In keeping with last year’s budget, the administration has included annual placeholder sums of $50 billion for war costs beyond 2012. While it is...