Video: Low expectations for President Obama's budget request

By Nancy Cook

February 10, 2012

The conventional wisdom that already surrounds President Obama's fiscal 2013 budget is bleak indeed. Dead on arrival. Just another political document. A collection of small-bore ideas.

Harsh, yes. But, if history is any guide, the judgments are more likely than not pretty accurate.

Regardless of who sits in the Oval Office, this is an era of austerity and contraction. Given the country’s mounting debt and the political pressure to reduce it, budget wonks assume that a second-term Obama would get nowhere in resolving the nation’s financial predicament.

Video by Theresa Poulson


By Nancy Cook

February 10, 2012

http://www.govexec.com/management/2012/02/video-low-expectations-president-obamas-budget-request/41160/