With his speech to news editors and executives this
week, President Obama has made it clear that he plans to run a starkly
ideological campaign, contrasting his vision for the future of the
country with that of his Republican opponents. And, he plans to make the
Republican budget, written by rising GOP star Rep. Paul Ryan of
Wisconsin and embraced by presumptive Republican nominee Mitt Romney,
exhibit one in that contrast. It would be worthwhile therefore to
actually compare that budget with the one proposed by the president.
Deficits and DebtThe president's budget proposal would reduce future deficits — at least until 2018 — but would never achieve balance. By 2018, the president projects deficits to fall to only $575 billion. After that, they