Bloomberg Misses Obama Budget Spending Hikes
The February 15th Bloomberg write up of President Barack Obama’s FY 2012 budget reports:
Obama previously pledged to freeze non-security discretionary spending for the next five years, and under his budget about half of all federal agencies would see their budgets reduced from levels in 2010, the last time agencies operated under an enacted budget, according to administration documents.
Authors Laura Litvan and Roger Runningen go on to note that the President’s budget does increase spending for the IRS and SEC, but there are a lot more spending increases than that. The Department of Education budget would rise 11%, the FDA by 33%, and the Department of Transpiration by 53%. In fact, if you correct for budget gimmicks, like converting Pell grants from discretionary to mandatory spending, President Obama’s budget actually increases, not decreases discretionary spending by $31 billion.