If you remember how a bill becomes a law from your Schoolhouse Rock days, you already know that the the White House proposal is just that, a proposal. The real work is getting agreement in the House and Senate to get a bill that lands on the desk of the President. If all goes well, President Obama signs that budget. The problem here is that the House and Senate are led by opposing parties with different ideas on how to deal with the financial troubles that face the United States.
The usual order of things goes that the President sends recommendations to the congressional bodies and then they hammer out the details. This time it is the other way around.
This proposal comes two months later than expected. It offers plenty to snack on, but below are five highlights – the good, the bad, the ugly and the rest. Continue reading