Jeez, Obama sucks.
Let's quote some particulars:
Quote: The plan will make explicit what Obama officials have been suggesting for months: Contrary to his campaign promise, Obama will allow the Bush tax cuts on the wealthiest Americans expire as scheduled at the end of 2010 instead of seeking their repeal sooner. Officials determined that seeking to raise the taxes earlier during a recession was a bad idea, advisers said.
Weell, that didn't work out, did it? The economy stubbornly stayed dead and the Repbublicans would not permit any of the law to expire as scheduled. So the assumption of more revenue (crucial to fixing the deficit) did not pan out.
Quote: The official said the bulk of the savings come from winding down the war in Iraq, additional revenue from raising taxes on the wealthy, and other cuts and savings to be specified later. Officials have said the budget creates room to start an ambitious overhaul of the nation's health-care system, which Obama aides view as a key to the government's fiscal future.
Hmmm, he's made progress with Iraq, no additional revenue... and they're wrangling about the cuts to be specified later.