The ink was barely dry on Obama's proposal -- which would bypass mandatory spending caps and post a $474 billion deficit -- before Republicans came out en masse to make clear it will not become law.
"Today President Obama laid out a plan for more taxes, more spending, and more of the Washington gridlock that has failed middle-class families," said John Boehner, the Republican Speaker of the House of Representatives.
"While the president's budget is about the past, our budget will be about the future," he said, signaling a counter-proposal to come .... http://news.yahoo.com
