President Obama says his 2012 budget will provide a responsible 10-year path for reining in the deficit.
“A path” to reining in the deficit? Over 10-years? No doubt the savings will come in the “out years”( 8-10 years out…), when someone else has been in office for several terms and the 2012 budget is filed in the National Archives…
Obama has to contend with a new Congress, elected with a mandate to cut spending, so his budget proposal is DOA on Capital Hill. Should be an interesting few years of horse-taring ahead.
Color me underwhelmed…