I’m not sure why President Obama even risked tearing a labrum this morning releasing his $3.8 trillion new budget for fiscal year 2013.
It’s already toast in Congress. That’s a lead pipe lock.
Republicans would rather swallow Drano than a budget that calls for tax increases on virtually every person making more than $250,000 a year, corporations included. The Bush tax cuts expire in the plan, and the Buffet rule would tax millionaires a base rate of 30 percent.
Not to mention that the proposal runs a roughly $1 trillion deficit for the fourth year in a row. That alone will make conservatives gag as if somebody sprinkled wheat germ on their caviar.