X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

President Barack Obama has released his fiscal 2013 budget. Republicans promptly condemned it as irresponsible and merely a campaign document. Since Republicans dominate the House of Representatives, there is little chance that this budget, or anything like it, will pass into law before the November elections, if then. But if this proposed budget is dead on arrival, leaving little reason for investors to adjust their portfolios for it, still the document can instruct, especially on what it ultimately will take to address this nation’s deficit and debt problems. Two matters in particular come clear: (1) overall spending control demands entitlements reform and (2) tax hikes on the wealthy, whatever they mean to fairness, cannot fully answer the deficit question.

This premium content is locked for
Treasury & Risk subscribers only.

Already have an account?
Interested in customizing your subscription with Law.com All Access?
Contact our Sales Professionals at 1-855-808-4530 or send an email to groupsales@alm.com to learn more.

Dig Deeper

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.