MEGAN MCARDLE: “I don’t need to tell you what I think of the budget: it’s disastrous. . . . For all that I keep hearing about deficit reduction and PAYGO rules, somehow those ‘fiscally responsible’ Democrats have given us the largest peacetime deficit in history.” A lot of people who thought that Obama was going to bring competent Ivy League management to the White House are learning otherwise.

Related: The Punt Guide to the budget.