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This is but a snapshot. A frozen moment in time, guaranteed to transmogrify on an hourly basis. So, knowing the situation is fluid, here's your budget update, and, if I were you, I'd find a nice comfy chair to plop down into, because this promises to be more frustrating than translating Sanskrit into Japanese using Morse code smoke signals in the rain.

President Barack Obama released his budget plan, which calls for tens of billions of dollars of program cuts mixed with tax increases. The Republicans countered with their plan specifying nine figures of cuts only, and Ron Paul, well, he just wants to invade China, give them a proper thrashing and take all our money back. Meaning that although we're less than two months deep into the 112th Congress, looks like business as usual.

Read the rest of this op-ed at AOL News.

Thanks as usual to Gina Misiroglu of Red Room for putting me in touch with the AOL people. It's just one of the great ways she's bringing traffic to Red Room and getting attention for Red Room's authors.