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Were you hibernating since the debt ceiling mess nearly a year ago?
Obama did not have a plan then either. The administration nor congress could agree on anything so they made a committee which did nothing, hence why we are awaiting automatic cuts.
The ineffectiveness of all of them is staggering.
POTUS made a budget proposal each year without fail. The obstructionists have blocked them each time except in 2009 which was crafted largely during 2008.