Obama's Budget as Bleak as Could Be.

What is there to say, the president started with a lunatic budget not based real economic numbers, that wants to raise taxes on all. That is a reality the reality based community needs to accept. From The Economist:

THE Congressional Budget Office offered a bleak economic forecast in January, and a much bleaker forecast today. Republicans are "pouncing", declaring a $1.8 trillion budget deficit "generational theft". The White House is pushing back with rhetoric that should be familiar to anyone not born two months ago: CBO projections often differ from projections put together by the Office of Management and Budget. Still, the White House is worried. "Deficits in the, let's say, 5 percent of GDP range," said Peter Orzag, the director of the OMB who was hired away from the CBO, "would lead to rising debt-to-GDP ratios that would ultimately not be sustainable."

The Economist has damn fine advice for the gop:

Mr Obama's team is still looking for the sweet spot—the level of redistributive spending that voters won't panic about, and that Republicans can't get much political traction with. OMB projections put them closer, which is why the CBO is creating problems. If the Republicans could hone in on this, and get less distracted by the likes of AIG bonus stories, a real campaign against Mr Obama's budget might come together.

Enough with the Bonus hysteria and focus.