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Wednesday, March 5, 2014

Budget

News                                                                                                                             
Politico | 5 takeaways from President Obama’s budget
The White House document — price tagged at $3.901 trillion — serves a different purpose. It’s packed with political messaging and some of the leading arguments from the Democratic playbook headed into the midterms.
Bloomberg | Obama’s Budget Proposal Benefits Students, Highways
President Barack Obama’s $3.9 trillion budget proposal would benefit low-income families, college students, researchers and highway users, setting the tone for Democratic priorities in an election year.

Econ Comments & Analysis                                                                                            
Washington Times | Obama’s budget blueprint dead on arrival
House Speaker John A. Boehner’s got a problem. With great fanfare, President Obama delivered his fiscal 2015 budget to Congress on Tuesday, but “global warming” has the grounds around the Capitol frozen as hard as concrete. Mr. Boehner and the House have nowhere to bury the president’s budget.
Fortune | The myths and realities of America's debt
As President Obama sends his budget to Congress Tuesday, U.S. deficits have come down at a faster rate than at any time since the end of World War II.
Investors | Obama's Bizarro World Budget For Fiscal 2015
Fiscal Irresponsibility: Just how out of touch is President Obama? In the midst of a faltering economy and rising global threats, he proposes a budget that would sharply cut defense spending and impose $1.8 trillion in tax hikes.

Blogs                                                                                                                             
WSJ | Three Reasons Not to Ignore the Obama Budget
For years now, the conventional response to any presidential budget has been to declare it “dead on arrival,” or sometimes “dead before arrival.”  Today’s partisan gridlock guarantees that much of President Obama’s new budget will be somewhere between attacked and ignored on Capitol Hill.  Veteran budget wonk Stan Collender describes this year’s White House budget as “more dead on arrival than most.”
CATO | Obama’s New Budget: Burden of Government Spending Rises More than Twice as Fast as Inflation
There are lots of provisions that deserve detailed attention, but I always look first at the overall trends. Most specifically, I want to see what’s happening with the burden of government spending.
Heritage Foundation | A Quick Guide to Obama's 2015 Budget
Yesterday, Heritage experts dove into President Obama’s new budget proposal. Check out our infographic to see just a few of the disturbing things they found.