The Obama Budget arrived yesterday on Capitol Hill. The House has already debated five different budget proposals and adopted the plan introduced by Budget Committee Chairman Paul Ryan. Even the Democrat controlled Senate got around to passing a budget for the first time in four years. But, the President – who is required by law to annually submit a budget to Congress on the first Monday of February – apparently chose to "lead from behind" and was 65 days delinquent. It's the fourth time in five tries that Obama has failed to meet his legal budget deadline obligation.
It probably doesn't much matter. Like his previous budgets, even Democrats aren't excited about getting on board, and his typically idolatrous media was less than impressed.
USA Today said the Obama Budget arrived "as a dud" and "was eliciting groans from his conservative opponents as well as his backers on the left."
CNN's John Berman laughingly said the Obama budget had "minus infinity" chances of passage.
John Parkinson of ABC News recalled how Obama's previous budgets had "fallen flat in Congress," and predicted the 2014 version would "suffer a quick death, as well."
Just in case you are curious for a more detailed analysis of the long overdue White House 2014 plan, you can get the entire 244 page document here. Or, you might learn all you really care to know by studying the following chart from Investor's Business Daily with additional analysis by Jed Graham here, and editorial commentary here.
New Time 11:20 AM PT: Get the Market Movements in Advance: William's Edge Webinar for Thursday April 24th, 2014 | John Ransom