Ponnuru: Obama fantasy budget leads to tax hike surprise
“A thunderclap of a speech,” the editors of the New York Times called it.
President Barack Obama certainly was vigorous in attacking the House Republicans’ budget last week.
The problem for Obama is all he has is drizzle for a policy. His budget plan, as his Treasury secretary admits, doesn’t solve the country’s long-term debt problem. His allies in the Senate’s Democratic majority haven’t passed a budget for three years.
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