On the budget proposal: the glass is half-full, but will soon become empty
In its current form, the budget proposal is not as horrible as one might expect, but it's still bad enough.
Shortcomings (in the order of importance): COLA recalculation, increase of retirement age, decrease of income tax, reduction of Medicare spending.
Advantages (also in the order of importance): Elimination of mortgage interest deduction, cuts in the Pentagon budget, taxing employer-provided health plans, higher cap for Social Security tax, gasoline tax.
No opinion on: ending child tax credit, cutting 10% of federal workforce.
The main shortcoming of the plan is that the good proposals will be thrown away by the Congress but all the bad proposals will pass.