Obama’s Busted Budget

In a town where bipartisan budget chicanery has been raised to an art form, President Obama’s latest budget proposal should be hailed as the da Vinci of fiscal obfuscation.

The president claims that his budget proposal reduces debt by $4 trillion over the next 10 years, combining $2.4 trillion in spending cuts with $1.6 trillion in tax hikes. Almost none of that is true.

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