# In an op-ed, Prof. Michael Spence evaluates President Obama's proposed budget

1 Faculty News April 15, 2013 ![Project Syndicate logo](/sites/default/files/styles/246w/public/assets/images/con_030500.jpg?itok=ONV7lJ6H)>

Excerpt from [Project Syndicate](http://www.project-syndicate.org/commentary/obama-s-budget-and-america-s-economic-future-by-michael-spence) -- "The world’s developed economies, of which the United States is by far the largest and systemically most important, face a range of difficult political and social choices. President Barack Obama’s proposed US budget acknowledges and addresses those choices and tradeoffs directly and fully for the first time in the post-crisis period."

[Read more](http://www.project-syndicate.org/commentary/obama-s-budget-and-america-s-economic-future-by-michael-spence)