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Again: Obama Misses Another Budget Deadline

PhdisReality Wrote: Feb 05, 2013 1:19 AM
@clarityseeker and Russo. It's a nice story, but it's just not plausible. The reality is that the financial institutions built their castles on wet sand and when a wave came, down came the castle. You are blaming the wave.

We've known this failure was forthcoming for some time, but it's still worth flagging for several reasons, which we'll get to momentarily.  First, the basics:

Monday marked the deadline set in law for President Obama to submit a budget, but he missed it — making this the fourth time in his five years in office that he's failed to submit the blueprint on time. That makes his record equal to the three previous presidents combined, who spanned 20 years in office. This year, Mr. Obama blamed the late passage of his tax increase deal early last month....