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Barack Obama plans to propose a five-year discretionary spending freeze in tonight’s State of the Union address. Is this a good idea? A preemptive capitulation to Republican deficit hawks? Or what?

I vote for “or what.” Let’s all keep in mind that budgets are set one year at a time, and they’re mostly set by Congress. The president has a certain amount of agenda-setting power, but that’s about it. Members of Congress will do whatever they want, and next year they’ll once again do whatever they want. If that means spending more money, they’ll spend more money. Obama could announce a hundred-year discretionary spending freeze and it would mean about as much as a five-year freeze. This is more a PR exercise than anything else and should be evaluated on those terms.

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TIME IS RUNNING OUT!

We have an ambitious $350,000 online fundraising goal this month and it's truly crunch time: About 15 percent of our yearly online giving usually comes in during the final week of the year, and in "No Cute Headlines or Manipulative BS," we explain why we simply can't afford to come up short right now.

The bottom line: Corporations and powerful people with deep pockets will never sustain the type of journalism Mother Jones exists to do. And advertising or profit-driven ownership groups will never make time-intensive, in-depth reporting viable.

That's why donations big and small make up 74 percent of our budget this year. There is no backup to keep us going, no alternate revenue source, no secret benefactor. If readers don’t donate, we won’t be here. It's that simple.

And if you can help us out with a donation right now, all online gifts will be matched thanks to an incredibly generous matching gift pledge.

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