Obama’s 2013 budget a campaign call to arms

http://platform.twitter.com/widgets/hub.1326407570.html(Reuters) – When President Barack Obama unveils his annual budget next month, the blueprint will reveal a lot about his re-election strategy but probably little about the spending and tax policies the Congress will adopt in the coming year.

Obama’s budget for the 2013 fiscal year will be declared “dead on arrival” in a gridlocked Congress, where lawmakers who control the U.S. purse strings are focused squarely on their own campaigns and the contest for the White House in November 2012.

House of Representatives Republicans, who spent much of last year locked in combat with Obama over fiscal policy, are relishing the budget’s release – expected in early February – as another chance to skewer the president as a big spender and the architect of bloated U.S. deficits and a soaring national debt.  Read more

Categories: Economics, United States

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