WSJ: Obama's Hidden Budget

How does President Barack Obama plan to fund the new savings program he announced in January? It remains a mystery, even after Tuesday's release of Mr. Obama's 2015 budget proposal. Expect resistance on Capitol Hill as the President appears to be once again testing the limits of his ability to act without Congressional approval. ✧ In his January State of the Union address and then at a subsequent speech in Pennsylvania, the President touted his new "MyRA" plan, a type of Roth Individual Retirement Account that allows after-tax dollars to grow tax-free and will invest only in government debt. He also claimed the authority to create the program administratively. ✧ Team Obama says that the MyRA plan will allow private-sector workers to enjoy the same returns as government workers enjoy in a retirement plan known as the G Fund, but without paying any of the fees.

Read more at the Wall Street Journal