Obama Goes for It All in Budget - WSJ.com

Obama Goes for It All in Budget - WSJ.com: "The budget attempts to launch at the outset most of the big policy initiatives the president has in mind for his term. It has money for a new health plan, envisions a cap-and-trade system for limiting so-called greenhouse gases, invests big money in alternative energy, and continues the flow of dollars into education started in the economic-stimulus package.

Its sweep is striking, which cheers Obama partisans who want bold strokes. But it also is a real gamble. It has scared some important constituencies, including moderate Democrats who fear the deficits it could create, and business backers such as Warren Buffett, who worry its broad ambitions will divert attention from core economic problems. It has drawn new attention to deficits, united Republicans in opposition, and made it easier for critics to paint the president as a traditional big-spending liberal."