The president can delay his budget, but no good can come from further postponing our country’s desperately needed financial reforms.

The White House announced that President Obama‘s proposed budget for fiscal year 2015 will be released on March 4, roughly one month behind schedule. Of course, far more important than the budget’s submission date is its content. Unfortunately, there is every reason to expect that, like the president’s recent State of the Union address, this year’s budget submission will represent another critical missed opportunity to address escalating federal fiscal problems — while they still can be solved.