Obama: It’s Okay to Break the Law When It Comes to Submitting a Budget

By: alanjoelny (Diary)  |  January 14th at 01:41 PM  | 

Under law, the White House must submit a budget this year by February 4. According to the Hill, Late Friday evening, Deputy Director Zients confirmed that for the fourth time in five years, the president’s budget will not be submitted in compliance with the law,” Only 1 budget out of 4 have been submitted on time — the budget in 2010. The rest of the | Read More »

Will Obama Wait?

By: alanjoelny (Diary)  |  January 11th at 10:08 PM  | 

There are two important fiscal dates coming up in February: February 12 and February 15. February 12 is the scheduled date of Obama’s State of the Union speech, which is also Lincoln’s birthday. It also happens to be three days before the “X Date”, February 15, the estimated date that the Treasury may not be able to pay its bills. The debt ceiling deadline. Does | Read More »