Preview of President’s Budget Leaves a Lot to Be Desired

Kathryn Nix / February 08, 2011

Next week, President Obama will release his budget proposal for fiscal year 2012. Though the President’s budget carries no real legislative weight, it will showcase his financial priorities and the seriousness of his rhetorical commitment to rein in federal spending.

A recent New York Times article by Jacob Lew, the Director of the Office of Management and Budget, provides a snapshot of what Americans can expect from the President’s proposal. He describes the coming budget as “a comprehensive and responsible plan that will put us on a path toward financial sustainability in the next few years.” However, the glimpse he provides suggests that the President’s budget will not go far enough toward achieving needed reductions in runaway spending. (more…)