Big Government cannot pay its bills. Again | The Examiner | Columnists | Washington Examiner

Since Barack Obama became president on Jan. 20, 2009, the federal government has not had a budget. It did not have one for the first two years of his presidency, when Democrats controlled both houses of Congress, and it did not have one for 2011, when the Democrats controlled the Senate and the Republicans controlled the House.
The Senate -- continuously under Democratic control during the entire Obama presidency -- has not voted out and sent on to the House any annual budget since George W. Bush was president. The House sent a budget to the Senate a year ago, but the Senate rejected it and sent nothing back in return.

In the nearly three years that Obama has been in office, the government has been collecting revenue, borrowing cash and spending ravenously on the basis of what the government calls continuing resolutions (CRs).

When Congress enacts a CR, it basically authorizes the government to operate for a finite and brief period of time. The period of time does not coincide with the government's fiscal year.

The federal government's fiscal year runs from Oct. 1 to Sept. 30. Here we are at the beginning of a new calendar year, and your government does not have a budget for its fiscal year that began more than three months ago.

Instead, the feds have operated under 15 CRs throughout the Obama presidency. Some of these CRs have been for as long as nine months, and one was as short as 24 hours.



Read more at the Washington Examiner: http://washingtonexaminer.com/opinion/columnists/2012/01/big-government-cannot-pay-its-bills-again/2065106#ixzz1iiIA5Xan




Link:Big Government cannot pay its bills. Again | The Examiner | Columnists | Washington Examiner