http://www.politico.com/news/stories/1109/29471.html

President Barack Obama plans to announce in next year's State of the Union address that he wants to focus extensively on cutting the federal deficit in 2010 – and will downplay other new domestic spending beyond jobs programs, according to top aides involved in the planning.



The president's plan, which the officials said was under discussion before this month’s Democratic election setbacks, represents both a practical and a political calculation by this White House.







On the practical side, Obama has spent more money on new programs in nine months than Bill Clinton did in eight years, pushing the annual deficit to $1.4 trillion. This leaves little room for big spending initiatives.


Hey, if this is true, then I will be 100% supportive of it.



I will be pleasantly surprised, and I won't even care if he is doing it to save his political ass.



In light of newer information, cap and trade would have been a political albatross anyway.



We'll see!