OMB Watch has released its statement on President Obama's FY 2011 budget request.

There is a time and place for deficit reduction, but many economists do not recognize Oct. 1 of this year as an auspicious date to begin that process. Indeed, the president’s budget anticipates unemployment will remain above normal until 2015, not falling below 8 percent until 2013 (9.2 percent in 2011 and 8.2 percent in 2012). But reducing the deficit and fully funding the nation’s priorities are not mutually exclusive goals.

Read the whole statement here.

See Obama's budget here.