http://online.wsj.com/articles/william-a-galston-a-budget-hemmed-in-by-reality-1423009045
Politics & Ideas
A Budget Hemmed In by Reality
The numbers show how big the gap is between Obama's aspirations and the available resources.
By William A. Galston
Feb. 3, 2015 7:17 pm ET
Photo: Corbis
President Obama has released his budget for the fiscal year that begins in October, and the argument has begun. But what are we arguing about?
The president proposes to fund infrastructure investment in the context of revenue-neutral corporate-tax reform. So have Republicans from Dave Camp to Rand Paul. The president wants to expand the Earned Income Tax Credit; so does Paul Ryan. The president wants to end budget sequestration, which he regards as mindless public policy. So did most of the people who voted for it in the mistaken belief that it was so self-evidently bad that surely the parties would swiftly agree to something better.
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