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Lessons from a bloated budget

Although the Constitution doesn't mention a federal budget, and it is ultimately up to Congress to decide how much the federal government will spend in any given fiscal year, according to the Budget and Accounting Act of 1921, the president must annually submit a budget to Congress by the first Monday in February.

The government's fiscal year runs from October 1 to September 30. That means that the budget submitted in February is actually for the next fiscal year that begins in October. On February 1 of this year, President Obama submitted to Congress his proposed FY2011 budget.

This is some budget. Not only does it promise to expand AmeriCorps, education funding, job training, biomedical research, and space exploration, it also aims to provide "opportunities for the LGBT [lesbian-gay-bisexual-transsexual] community" in the form of increased AIDS treatment, care, and prevention a


Added: Mar-3-2011 
By: boomersooner
Tags: Bloated, Budget, Laurence, Vance, Campaign, For, Liberty
Views: 6570 | Comments: 2 | Votes: 0 | Favorites: 0 | Shared: 0 | Updates: 0 | Times used in channels: 1
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  • Why haven't the Democrats proposed a budget? The last budget ended in October of 2010. They could have proposed one before that or before they lost the majority in January. They still haven't offered one. They are cowards and know they need to make it as political as possible to ever get elected again.

    Posted Mar-3-2011 By 

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