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President’s Budget Leaves Little Room for Further Compromise

In last week’s post for the US News & World Report Economic Intelligence blog, I drew on CBPP analysis to argue that any further compromise on the budget from President Obama would endanger core guiding principles for deficit reduction.  Here’s the opening:

The deficit-reduction package President Obama included in his budget submission this week, like the Senate Democratic budget I discussed here a few weeks ago, is the kind of plan that should appeal to centrist pundits and budget analysts. But the President has gone about as far as he can go to try to compromise with Republicans if he wants to maintain the core principles that deficit reduction should be achieved through a balanced package of revenues and spending cuts and that it should not increase poverty or inequality.

You can read the whole post here.