US Treasury Defends The Administration's Budget Proposal

This article on the US Treasury's website, provides an analysis and a defense of the Obama budget proposal. It argues that the GOP and the administration have proposed budgets which differ primarily on who should pay for the budget cuts. The Obama budget includes an increase in tax revenues while the GOP budget has no increase in tax revenues. Both propose cuts in spending but the GOP budget cuts spending on programs that benefit those most in need. The Obama budget cuts discretionary federal spending to its lowest levels since the Eisenhower administration.