The Obama Budget Reviews are In: Rotten Tomatoes from America’s Newspapers
The reviews are in on President Obama’s budget, and it’s rotten tomatoes for the commander in chief.
The $3.8 trillion budget plan calls for increased spending and tax hikes, but does almost nothing to address entitlement spending. The budget landed with a thud on Capitol Hill, drawing the expected Republican opposition but also earning the ire of America’s leading newspapers, which delivered scathing critiques of the plan on their editorial pages. Here's a sampling of editorials:

Obama's budget plan leaves debt bomb ticking
"...By comparison, credible proposals from Obama's own deficit-reduction commission and by the Bipartisan Policy Center in 2010 both aimed at reducing the debt to 60% of GDP and keeping it headed down. Obama's plan does not even begin to do that. Nor, for that matter, does it fulfill his 2009 promise to halve the deficit by the end of his first term.
"The reason Obama was unable to keep the short-term promise is that the Great Recession was deeper and lasted longer than economists expected three years ago. That development was largely beyond his control. But the reason the president's budget doesn't fix the longer-term problem is that for all its spending cuts and revenue increases, it relies on gimmicks and avoids some problems instead of tackling them.
"Most glaringly, Obama takes credit for about $850 billion in savings from winding down the wars in Iraq and Afghanistan, which were paid for with borrowed money in the first place."

The Amazing Obama Budget: He's proposing higher spending and deficits this year
“Federal budgets are by definition political documents, but even by that standard yesterday's White House proposal for fiscal year 2013 is a brilliant bit of misdirection. With the abracadabra of a tax increase on the wealthy and defense spending cuts that will never materialize, the White House asserts that in President Obama's second term revenues will soar, outlays will fall, and $1.3 trillion annual deficits will be cut in half like the lady in the box on stage.”
“… The political reality of budgeting is that voters should only believe what they can see, which is what politicians are proposing now. Promises of future spending cuts are a mirage. Mr. Obama needs to point to the mirage because his fiscal record is the worst in modern American history.”
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Obama Misses Opportunity to Tackle Tax Reform in $3.8 Billion Budget
"This is a wasted opportunity, even considering that the final budget of the president’s term is largely a political document.
"... The tax proposals in the White House’s budget seem designed more for political advantage than to put forward the best policy. White House officials hint that a corporate tax overhaul may come later this year -- something they’ve predicted in the past, only to back away. Before asking voters to give him a second term, Obama needs to show how he would fix a fractured system."
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What about the U.S. debt? Obama's budget proposal doesn't do nearly enough to set America's fiscal house in order.
"With the U.S. economy improving, it's past time for the administration to lay out a credible plan for bringing the deficit and debt under control. Sadly, Obama's budget proposal shows that he'd rather wait until after the election to have that reckoning."
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Obama budget shirks off any pretense to fiscal responsibility
"Obama also assumes an annual economic growth rate of 3.9 percent between 2014 and 2017.
"That assumption borders on the absurd, particularly since the Congressional Budget Office warns that such a massive tax hike will likely slow growth to a 1 percent annual rate next year.
"This is not a course toward fiscal responsibility. The budget is a blueprint of national entitlement that operates on the philosophy of spend now and pay later. But as Greece is verifying in the most painful way, at some point the bill must be paid."
"Monday's document, in truth, is a campaign playbook — the vision of government that Obama hopes voters will reward with a second presidential term. Its central theme:
"Obama didn't use the S-word — stimulus — but he wants to raise taxes on the wealthy and borrow more money in order to spend more on economic ... stimulus. Yes, the president's plan does continue to give lip service to debt reduction in future years. But the proposal he floated Monday actually would aggravate the somewhat rosier debt projections he provided to Congress as recently as September.
"What we have then is a debt debacle that, even with the president's plan, would continue to grow our debt by leaps and bounds."
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FACT CHECK: There Are Budget Phantoms in the Room
"When a president introduces a budget, there are always phantoms flitting around the room. President Barack Obama's spending plan sets loose a number of them.
"It counts on phantom savings from the wars in Iraq and Afghanistan. It's underpinned by tax increases Republicans won't let happen and program cuts fellow Democrats in Congress are all but certain to block.
"And it assumes rates of growth that the economy will have to become strikingly undead to achieve."
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Obama’s budget falls short, but it beats many alternatives
"Taming the ever-growing pile of debt is a longer-term challenge.
"On that goal, measured against his own fiscal commission, Mr. Obama’s proposed budget for fiscal year 2013 falls short. At the end of the 10-year budget window, he would have the national debt at a disturbing 76.5 percent of gross domestic product."
"... Most of the envisioned cuts fall on Medicare providers and do not go far enough to restructure the system. On Social Security, once again Mr. Obama fails to propose a strategy for putting the program on a sustainable path."
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