It’s that time of year again – time to formulate the FY 2014 federal budget. Like every family, business, and organization, the federal government must draft an annual budget. Unfortunately, Obama and the Democrats treat this fundamental necessity with callous disregard.
Pursuant to the 1974 Budget Act, the president must submit a budget to Congress on the first Monday in February, roughly seven months prior to the start of the new fiscal year. After reviewing the budget, along with analysis from the Congressional Budget Office (CBO), each house of Congress must pass its own budget resolution by April 15.
Well, for the fourth year in a row, Obama will be handing in a tardy budget. Roll Call reports that he will submit the annual budget at least a few weeks late.
You can’t blame Obama for being bashful about releasing his budget. Does he really want us all to see the red ink?