Obama's Budget and the $1 Trillion Mistake | Chris Edwards | Cato Institute: Commentary

Obama's Budget and the $1 Trillion Mistake | Chris Edwards | Cato Institute: Commentary: "The lesson from all this is that an administration's promised spending beyond the first year is meaningless. Obama is proposing a freeze on a very small part of the budget, for example, but his budget plan next year will likely find reasons to break that promise."