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Obama Misses Budget Deadline—Again
Posted By Romina Boccia On July 18, 2012 @ 2:00 pm In Entitlements, Taxes & Spending,Featured | 7 Comments
President Obama seems to view budget deadlines as mere suggestions. During his term, Obama has missed all but one deadline to deliver his annual budget and midsession review. This week marks another year in which the President missed both deadlines.
This consistent track record of missing statutory budget obligations is another indicator of the President’s lack of concern for the nation’s deteriorating fiscal situation.
Each year, the President of the United States is required to submit his budget on or after the first Monday in January but not later than the first Monday in February. While other Presidents have been late  as well, President Obama’s tardiness has set several new records:
Concerning midsession reviews, President Obama’s record is no better. Each year, the President is also required to submit a supplemental summary of the budget for the fiscal year, including any changes made, before July 16. It’s July 18, and Congress has yet to receive the President’s obligatory midsession review. In fact, President Obama has never delivered a midsession review on time.
President Obama not only delays his budgets but, most importantly, delays dealing with the nation’s spending and debt crisis . In the last budget President Obama submitted, he failed to deal with the biggest drivers of the nation’s debt—the entitlement programs—while making proposals that would further exacerbate our economic and fiscal situation with vast tax hikes, more spending, and more debt.
When President Obama eventually delivers his overdue midsession review, the picture likely won’t be much prettier.
Article printed from The Foundry: Conservative Policy News Blog from The Heritage Foundation: http://blog.heritage.org
URL to article: http://blog.heritage.org/2012/07/18/obama-misses-budget-deadline-again/
URLs in this post:
 have been late: http://budget.house.gov/uploadedfiles/presidentsbudgetsubmission.pdf
 spending and debt crisis: http://www.heritage.org/federalbudget/national-debt-skyrocket
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