The Budget Speech

Paul Krugman rather liked President Obama's speech this morning, in both substance and style.  The UPDATE to his blog post though, says it all.

Update: I should probably say, I could live with this as an end result. If this becomes the left pole, and the center is halfway between this and Ryan, then no — better to pursue the zero option of just doing nothing and letting the Bush tax cuts as a whole expire.

I will be spending the rest of the day reading (and listening to) the conventional wisdom through the lens of the good professor's words.