Obama Grades His Budget On A Curve. Get Ready For a VAT.
Somewhat peevishly, the President went to some lengths to portray his current budget as fiscally disciplined. One supposes that he gave his people the mandate to find some impressive number of programs to cut, amounting to some impressive dollar amount. In the event, he got 121 cut programs (most of the cuts had already been announced, like the F-22 Raptor), amounting to $17 billion. Now | Read More »