CFAP: A New, Ambitious Course of Action

Center For American Progress

A New, Ambitious Course of Action

President Obama Releases a Blueprint for the Federal Budget

By Michael Ettlinger

More on the Budget: Defense | Energy | Education

The budget blueprint released by President Obama today is a positive shock to the system.

First, it stands apart for its integrity. It lays it all out there: the size of the deficit, the cost of the war, the cost of tax reductions, the details of tax increases, the state of the economy. It’s all there for everyone to see without deceit. It’s sad that such honesty is novel, but it is, and it’s welcome.

Second, the blueprint is unflinching in following through on the American Recovery and Reinvestment Act that was just passed into law. That legislation is critical to getting our economy back on track. It would be a huge mistake in the budget to backslide from ARRA by being overly concerned with deficits in next two years, but the budget blueprint acknowledges that deficits on the scale we’ll see in the next two years are unsustainable over the long run.

via A New, Ambitious Course of Action.

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