Tuesday, January 24, 2012

1,000 Days Without a Federal Budget

by Tierra Warren
Today marks 1,000 days since the Senate last passed a budget.

One thousand days since liberals in the Senate last bothered to do their job and pass a budget for the federal government.

So while struggling families must sit down every day and produce a budget for their lives in this fragile economy, the Senate has decided it would be a better political move not to produce a budget.

To put things in perspective, the last time the Senate passed a budget, the iPad did not exist. Just last month, Apple’s tablet computer was one of the most popular Christmas presents.

Writing on The Foundry, The Heritage Foundation’s Mike Brownfield lists some starting statistics about what the failure to produce a budget really means:

quote
The last time the Senate passed a budget was on April 29, 2009. Since that date, the federal government has spent $9.4 trillion, adding $4.1 trillion in debt. As of January 20, the outstanding public debt stands at $15,240,174,635,409.
quote

On top of that, interest payments on the debt are now more than $200 billion per year.

And by 2050, the national debt is set to hit 344 percent of gross domestic product.

Brownfield writes:

quote
Despite all of these blatant red flags, the Senate has utterly failed to execute the most basic, fundamental function of governance at the worst possible time—when the country’s fiscal house is in disarray, the U.S. credit rating is in continual jeopardy, entitlement spending is ballooning, defense spending is on the chopping block, and the economy is in shambles.
quote

One thousand days without a budget is embarrassing. The record level of spending and deficits are a direct result of the Senate’s actions.

To help illustrate how extraordinary this failure has been, our new video highlights a few of impressive feats in history that have been accomplished in less time.

With the middle class left holding the bag, what do you think? Is it time for the Senate to finally pass a budget
?