Just one more instance where Obama believes he is above the law. By Stephen Dinan The White House told Congress on Monday that its budget will be late this year, meaning President Obama once again will miss the deadline set in law. Congressional officials said the president now will send up his budget on Feb. 13, which is a week later than the usual date. The law requires the budget be sent by the first Monday in February. Late budgets are common in the first year of a presidency, but this move, in Mr. Obama's fourth year, drew fire from Congress. Rep. Paul Ryan, chairman of the House Budget Committee, called it an "abdication of leadership." Mr. Obama missed the mark in 2009 and 2011, though he was on time with his 2010 budget. "This will mark the third time in four years the president has missed his statutory requirement to present a budget on time, while trillion-dollar budget deficits continue to mount," Mr. Ryan, Wisconsin Republican, said. Tuesday, when Mr. Obama delivers his State of the Union address to a joint session of Congress, also marks the 1,000th day since Congress passed a budget. House Republicans last year powered a budget through their chamber, but Senate Democrats never put one on their chamber's floor. The last budget that passed was in 2009, which set the stage for the health care bill's passage in early 2010. http://www.washingtontimes.com/blog.../white-house-miss-budget-deadline-third-year/
A President Gingrich or a President Paul would both submit balanced budgets on time every year they are in office. I doubt Barrack Obama can balance a checkbook much less produce a budget. Why produce a budget when you can simply spend endlessly Chicago style?
I think his late budget last year was out of balance by about $1.5 trillion. It will be interesting to see if he can break that benchmark this year.
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Paul would submit an unbalanced budget the first year, with a $500 billion deficit, $1 trillion smaller than the current deficit. Both parties will utterly reject the budget. If a miracle occurred and congress went along with Paul's budget, by his last year he would be submitting a balanced budget. Only a complete and utter fool could believe that Gingrich will even attempt to balance the budget. Seriously, show me the $1 trillion in cuts in the first year that Gingrich wants to make. Especially since like the other neocons he wants to increase military spending.