President Obama sends his 2013 spending plan to congress today. The good news: the president’s budget proposal would apparently reduce the deficit by $4 trillion over the next decade. The bad news: Republicans are vehemently opposed to the taxes on the wealthy that are central to his plan. Let the wrangling begin… Meantime, the GOP presidential candidates continue to slug it out. Mitt Romney is defending his narrow winover Ron Paul in this weekend’s Maine caucuses. Rick Santorum tries to sell himself as the anti-Romney alternative. But does he have the resources to go the distance? Newt Gingrich decidedly does not. He’ll drop below the radar this week as he seeks to court donors, ahead of voters. And further afield, following a night of rioting in Greece, clean up crews are assessing the damage. This after lawmakers approved harsh new austerity measures aimed atsaving the debt-crippled nation from bankruptcy.
Richard Parker, economist and senior fellow and lecturer at the John F. Kennedy School of Government at Harvard University
Kara Miller, WGBH contributor