Obama said he wants to cut spending but won't support a tiny cut like $520 million

The White House "strongly opposes" a Republican-backed bill to stop federal funding of presidential campaigns and political conventions -- a public offering President Obama declined during his 2008 campaign. Despite that, the White House believes the public financing system should "be fixed rather than dismantled," it said Tuesday.

In a sharply-worded assessment of proposed legislation, the Office of Management and Budget said the GOP bill would kill public financing of presidential elections and expand the influence of private corporations and special-interest groups.

The administration's opinions come a day before House Republicans plan to hold a vote on the legislation, which would save about $520 million over the next decade and would require presidential candidates to rely on private donations instead of taxpayer money, according to House Majority Leader Eric Cantor (R-Va.).

The bill is an outgrowth of a Cantor-backed program that invites GOP supporters to vote on proposed government spending cuts that should be considered by the full House. Even if the bill passes the Republican-led House, however, it's unlikely to be considered by the Democratic-controlled Senate.....
[link to voices.washingtonpost.com]

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