August 28, 2014

U.S. Fiscal Groups Calls Obama's New Budget Cautious, Political

Budget Groups: Obama Budget Lacks Needed Structural Reforms
March 5, 2014
Market News International (MNI)

Excerpt

Robert Bixby, executive director of the Concord Coalition, said "while there are some positive elements in the President's plan this year, overall it seems to ratify the consensus in both parties that there will be no far-reaching budget deals in the coming year. This is a campaign-year document and should be assessed as that." He added that "given the coming elections and the complacency in Washington on the budget, however, any substantial progress on fiscal reform is likely to be extremely difficult in the year ahead." Bixby also expressed disappointment that the administration withdrew its Chained CPI proposal of last year, saying it's a more accurate measure of inflation that should be used in the federal budget.