Obama's Budget

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Keynes's picture
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Joined: 02/27/2009
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I'm not nearly as negative on the Obama budget as everyone else seems to be. To me, it strikes me as relatively moderate given the circumstances. What am I missing that has everyone up in arms? Taxes have been historically low recently and we've had a huge bubble. I'm not particularly worked up by the additional taxes, since they're not applied in the near term. The spending is largely just a counter-cyclical Democratic grab-bag. I'm not wild about any of it, but as "I" once said, in times of down turn it's worthwhile to put people to work digging holes. What is Obama doing that's driving us towards a gaping abyss?