To understand why the centerpiece initiative of President Obama's budget makes so much sense, imagine that U.S. corporations decided to bring home -- in cash -- the estimated $2 trillion in profits they are stashing overseas to avoid paying taxes.
When President Obama released his budget on Monday, the words "dead on arrival" were widely incanted because they are part of a quasi-religious Beltway ritual. This year, those words are misleading.
Remember when, running for president back in 2008, Barack Obama vowed never to cut Social Security's cost-of-living adjustments? He seems to be having second thoughts.