Douglas Holtz-Eakin gives his evaluation:
Much of the discussion surrounding the budget will focus on numbers — debts, deficits, revenues, and so forth. And some will focus on the mechanics of the budget policy — reconciliation instructions, premium support, territorial tax systems, and the like.
But I think the most important discussion is about values. The House budget is a strong statement of social, economic, and political values. It is courageous at a time when presidential leadership is weak. It is honest at a time when Americans are misled into believing that they can keep “Medicare as we know it,” expand the welfare state, control the debt, remain safe, and . . . tax only the 1 percent.
It should be the legislative agenda for 2012. I hope it is the agenda for 2013.