The Budget: We Don't Even Try. We Are an Embarrassment.
That's why we don't have a AAA bond rating. The process should start in Feb., but we don't function.
Take a look at that. It can’t be fine. The “Crowding Out” effect is here.
I told you the crisis was here when I ran. It is. But the Celebrity Contest continues.
“And I can’t find enough people who even give a hoot.”
From the article. What it should be, by law. By law.
Timetable of the congressional budget process (in law, if not always in practice)
First Monday in February: President submits proposed budget.
Feb. 15: Congressional Budget Office submits report on economic and fiscal outlook to the House and Senate budget committees.
Six weeks after president submits budget: Other House and Senate committees submit their views and estimates to the budget committees.
April 1: Senate Budget Committee reports concurrent resolution on the budget.
April 15: House and Senate agree to a concurrent resolution on the budget.
May 15: Annual appropriations bills may be considered in the House.
June 10: House Appropriations Committee reports its last annual appropriations bill.
June 15: Congress completes action on reconciliation legislation.
June 30: House completes action on all annual appropriations bills.
Oct. 1: Fiscal year begins; all annual appropriations bills enacted by this date.
Source: Adapted from “Introduction to the Federal Budget Process,” report #R46240, Congressional Research Service.
But it’s not. And we are broke. But maybe there will be “NO LANDING.” Hahahah.
These people in Iowa understand. Smart people.
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