Friday, April 3, 2009

Michael Boskin Says Barack Obama's Trillion-Dollar Deficit Budget Will Impede Economic Growth - WSJ.com

Michael Boskin Says Barack Obama's Trillion-Dollar Deficit Budget Will Impede Economic Growth - WSJ.com: "The House and Senate are preparing to pass President Barack Obama's radical budget blueprint, with only minor modifications, by using (abusing would be more accurate) the budget 'reconciliation' process. This process circumvents the Senate's normal rules requiring 60 votes to prevent a filibuster. Reconciliation was created by Congress in the mid-1970s to enforce deficit reduction, the opposite of what the president and his party are aiming for."

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