Obama’s Deficit Plan Falls Short

This is becoming like the War of the Roses. President Obama advanced the needle on deficit reduction and budget negotiations by providing a new set of proposals this morning for what the White House calculates will be $3 trillion in reduced spending over the next 10 years. That follows his congressional address last week calling for additional spending and tax breaks to boost economic activity, which in turn followed months of Washington stalemate on the debt ceiling.

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