President Obama got his priorities mostly right in the new $3.8 trillion budget for the fiscal year 2011. It calls for increased spending on education and clean energy technology, shows some restraint on the defense budget, and, most importantly, calls for more spending on job creation. It also rightly lets the Bush-era tax cuts for high-income Americans expire as scheduled at the end of 2010...
...The House passed a $154 billion jobs bill late last year that incorporates some of the president’s ideas. In the Senate, all of the Republicans and a handful of Democrats have balked, insisting that they are far more concerned about adding to the deficit. That is a false and dangerous economy. No one can be happy about the $1.3 trillion deficit projected for 2011. Still, Mr. Obama’s budget calls for steps to begin to chip away at it...
...The alternative to spending more today on job creation is a prolonged downturn, or worse, renewed recession — which would only force deficits higher. In the medium- and long-term, the country must deal with the deficit and the structural problems that threaten everyone’s economic future. Mr. Obama’s budget is a step in the right direction for both problems. Now he must press Congress to do its part.
http://www.nytimes.com/2010/02/02/opinion/02tues1.html?ref=opinion
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