In $3.8 Trillion Budget, Obama Pivots to Trim Future Deficit

[frigidmagi]

NYTimes

[quote] President Obama sent Congress on Monday a proposed budget of $3.8 trillion for the fiscal year 2011, saying that his plan would produce a decade-long reduction in the deficit from $1.6 trillion this year, a shortfall swollen by $100 billion in additional tax cuts and public works spending that he is seeking right away.

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“We simply cannot continue to spend as if deficits don’t have consequences, as if waste doesn’t matter, as if the hard-earned tax money of the American people can be treated like Monopoly money,â€

[SirNitram]

PAYGO becoming law has a good reason to not be around 2003: It was straight party line. 60-40.