President Obama’s budget spin-meisters at the Office of Management and Budget deserve nomination for the Biggest Whopper of 2013 Award, thanks to their claim that the chief executive’s 2014 budget proposal “represents more than $2 in spending cuts for every $1 of new revenue from closing tax loopholes and reducing tax benefits for the wealthiest.” Sounds like smart budgeting, but is that statement true? As the Heritage Foundation’s Morning Bell put it, “In a word, no.”