Sunday's lead editorial -- "Huge problem, huge budget" -- isn't ready to wholeheartedly support President Obama's huge $3.6 trillion budget. Or its huge $1.75 trillion projected deficit.
But it is ready to acknowledge that, given the depth and breadth of today's economic problems, something really big is necessary.
Bring on the debate. But make those who would say that Obama’s answers are wrong do so only by saying what would be right—for everything and for everyone. There is indeed a huge problem confronting America and, like the president, all those who would govern today must think nothing but big thoughts.
The White House has given its budget proposals their own Web site.
And so on:
- The New York Post: Don't be fooled: President Obama did not propose a federal budget yesterday. What he offered was a $3.6 trillion spendapalooza meant to usher in a new era in the nation's political and economic life.
- Fortune columnist Anthony Karydakis: These are extraordinary times and require extraordinary measures. Preaching in a robot-like fashion the principle of fiscal responsibility in the midst of the biggest crisis the U.S. economy has experienced in 75 years sounds pretty irresponsible itself, particularly when all that the critics have to offer as an alternative is tax cuts.
- The Wall Street Journal: President Obama is attempting not merely to expand the role of the federal government but to put it in such a dominant position that its power can never be rolled back.
- New York Times Economic Scene columnist David Leonhardt: The Obama budget ... would sharply raise taxes on the rich, beyond where Bill Clinton had raised them. It would reduce taxes for everyone else, to a lower point than they were under either Mr. Clinton or George W. Bush. And it would lay the groundwork for sweeping changes in health care and education, among other areas.
- The Detroit News: President Barack Obama's proposed budget outline assumes tax increases don't affect behavior. They do. It also assumes Congress will end its spending spree. It won't. If all of the programs in the budget plan become law, tax increases will affect more Americans than the high-income earners targeted in this proposal, and the economy will suffer.
- Newsday: President Barack Obama gambled big Thursday when he unveiled his first budget. He treated taxpayers like grown-ups. His extraordinary candor about what Washington spends, and what he thinks it will cost to get the economy out of the tank and on course for a sound future, is refreshing.
-- George Pyle/Editorial Writer
[Ten points for guessing the pop culture allusion in the headline to this blog post.]