Obama's "New Foundation" Budget

By George Zornick, The Nation - February 14, 2012

President Obama released his proposed budget today, mapping out how the White House would prefer to see the federal government operate through the fall of 2013.

The key word is “prefer,” because as every news account of the budget will tell you, the plan is dead on arrival in Congress. Republicans lambasted the proposal before the details were even released, and today Representative Paul Ryan, chair of the House Budget Committee, called the Obama budget “a recipe for a debt crisis and the decline of America.” So they’re not passing it.

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