The Brilliance of Obama’s budget
I have talked about the importance of fixing the economy and then tackling the deficit. Unfortunately, reality has raised its ugly head. The GOP is beating the deficit drum. Americans have been led to believe that short term deficit reduction is really, really important. So, the Obama administration is walking the tightrope. Reduce the deficit while sustaining job growth. From Center for Budget and Policy Priorities: The President’s budget achieves this goal by cutting domestic discretionary programs, securing savings in entitlement programs, limiting defense expenditures, and raising revenues primarily by curbing a plethora of tax loopholes. At the same time, it does not