Saturday, March 24, 2012

A Tale of Two Budgets

Yuval Levin, Weekly Standard
Last spring, when House Republicans passed Budget Committee chairman Paul Ryan's ambitious fiscal agenda, it would have been easy to make two basic guesses about the proposal's lasting impact: On the one hand, it seemed that the budget's focus on the immense scope of the fiscal calamity heading our way would put the deficit and debt at the center of our politics for the rest of Barack Obama's term. But on the other hand, it looked like the Medicare proposal in the budget would be highly controversial and politically risky.

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