Strengthen our middle class. Protect our economic recovery. Chart a course for responsible, balanced federal deficit reduction. These should be the goals of any economic plan. Fortunately, President Barack Obama’s fiscal year 2013 budget proposal largely succeeds at meeting all three.
The FY 2013 budget proposal released yesterday is unlikely to get much traction in the Republican-controlled House of Representatives this election year, but that doesn’t invalidate the many good ideas in it or the overall positive direction it outlines. Given our nation’s current circumstances—constrained by a difficult budget environment and in the midst of a fragile recovery from the worst economic downturn in generations—President Obama’s plan for the fiscal year beginning in October has much to recommend it.
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