Keith Hennessey has thoughts on the Obama budget: "The President is choosing both a policy path and a campaign strategy. He is betting that having no proposal to address the looming fiscal crisis is better for his reelection prospects than having one."
And: "The President is proposing an ordinary liberal spending agenda at an extraordinary time in our fiscal history....Demographics, unsustainable benefit promises, and health care cost growth are the problems to be solved. The President instead wants to build more trains and make sure rural areas have 4G smartphone coverage."
