The president’s first budget led to a debt spiral, but he excused it because of the financial and economic crisis. The president’s second budget led to a debt spiral, but he excused it because the Bowles-Simpson commission was going to fix it. The president’s third budget led to a debt spiral, but he whined that he had to do that because Republicans might criticize a real budget.
The comparison to the House budget was so shaming he was compelled to give a speech on a new “plan” to end the greatest threat facing this nation. But there was no plan. Just another speech. And today, more whining.
The Obama “Budget”