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Posted at 10:21 AM ET, 02/21/2011

How to read the president's budget

By Ezra Klein

Bruce Bartlett provides the Cliffs Notes.

By Ezra Klein  | February 21, 2011; 10:21 AM ET
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When asked how he came up with this budget, since it seemed to not balance, Obama informed us he decided not to include interest payments in it. I kid you not.

So, when you are about to pay your interest-bearing loans, you no longer need to pay interest or factor it in your budget.

I guess it is the first and only budget the guy has ever had to come up with, so maybe some slack is in order for the President. No one ever claimed he was smart.

Posted by: mbmusgrove | February 21, 2011 2:46 PM | Report abuse

How to read it?


Posted by: illogicbuster | February 22, 2011 7:58 AM | Report abuse

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