Obama's First Budget

TW: $4 trillion...thats a lot of schmackers. Many are concerned Obama will try to do too much during his first months in office. I am in the camp of go for it, he is playing high stakes poker regardless and as Mr. Evil himself figured out why not?

But as I posted a couple of days ago, all of this short term spending and effort to address the various crises will lose credibility politically and with bond investors if he does not lay out a vision for fiscal sanity down the road. And in the shorter run if he can figure out how to contain "earmarks" that would help greatly as well.