“President Obama won’t submit a formal 2010 budget request to Congress until next month. But the head-knocking on the Hill over fiscal priorities begins in earnest this week…. A main question will be whether Obama’s proposals can reduce the deficit as much as the administration estimates they will: $2 trillion over 10 years.” (CNN Money, Tuesday)
Don’t bet the ranch.
FEE Timely Classic
“A Closer Look at the Debt and Deficit” by Robert Higgs
Tuesday, March 3, 2009