...You know that Obama’s acting OMB Director, Jeffrey Zients, appeared before the Senate and House Budget Committees to defend the budget and encountered rough sledding. Among other things, Senator Jeff Sessions asked Zients whether the president’s budget increases spending compared with current law, and Zients was unable or unwilling to answer the question. You know that Tim Geithner followed Zients to the Senate Budget Committee hearing room, and he, too, was unable to say whether Obama’s budget increases federal spending. (It does, both in comparison with current law, as represented by the Budget Control Act, and in absolute terms, by 46% from FY FY 2012 to FY 2021.) You know that the administration’s claim that its budget contains $2.50 in spending cuts for every dollar in tax increases is ridiculous. You know that, despite his confusion on other points, Geithner testified for the second year in a row that President Obama’s budget is “unsustainable.”
The MFM: a protection-racket.