The Budget Act of 1974 established a timetable for the annual budget process. Under Title III of the Act, Congress is to complete action on the concurrent resolution on the budget by April 15.
Sentiment: POSITIVE
While the budget resolution is a nonbinding blueprint, it is, nevertheless, an important guideline for Congress. Once the President's proposed budget is received by Congress on the first Monday of February, Congress generally goes to work on appropriating the funds required.
One of the most important tasks of the United States House of Representatives is to pass a budget resolution.
The right way to deal with a budget problem that was years in the making is by formulating a credible plan to reduce the deficit over time and as the economy is able to withstand the necessary fiscal belt-tightening. That is what President Obama is doing.
But when I look at the fact that today is 1,000 days that we have not had a budget for the United States of America, you know, the House, one of the things we did, we passed a budget last year. But that is still sitting over there at the Senate. And so we have got to get this country back on track.
Today is the day for the complaining to end and for statesmanship to begin. Today I am taking action to cut state spending and balance the budget this year.
It is time we passed a balanced budget amendment and return this government to limited spending.
Putting the budget ahead of the policy is the wrong way to do it. It's too often the way it's done in Washington.
Not in the constitution, but I would propose a law to the French parliament that provides for reducing the budget deficit year by year, until we have reached a balanced budget by 2017.
Rather than negotiating yet another continuing resolution at the last minute, the appropriations process should work as it was originally designed, with appropriations bills passing the House and the Senate and being signed into law by the president, after robust debate, with a process for amendments.
We developed during the 1990s a series of budget process rules that helped us bring to heel these deficits, diminishing every year and moving the budget so into surplus.