Budget’s Timid Economic Growth Forecast
Forecasts for stronger economic growth underlying the Obama administration’s fiscal 2012 budget proposal are no more optimistic than other projections and may be too modest.
Obama Budget Cautious on Debt Reduction
President Obama’s new budget calls for $3.73 trillion of spending in the coming year and projects a deficit this year of $1.6 trillion – the biggest spending shortfall as a percentage of the economy since the end of World War II.
