Karl Rove has a summary of Bam's budget, based on the CBO analysis. It's recommended reading for your Saturday.
Bottom line, deficits as far as the eye can see, government spending the greatest it's been (as a percentage of total GNP) since WW2, national debt eventually hitting 82% of the economy by 2019, spending increasing by $1T over ten years, and taxes that go up by $1.9T over the same period.
All in all, a recipe, pretty much, for disaster.
Read my super-summary, Rove's short summary, or the CBO's entire 59 page summary for yourself!