As you all know, beloved President Obama is set to deliver his State of the Union Address this evening and share with the world his plan for 2012 – also known as his re-election platform; his plan to blame a “Republican Congress” for all that ails
the economy this country; and his strategy for continuing this great nation on a path toward total economic destruction. What you might not know is that today also marks a very important anniversary, of sorts. Today, January 24, 2012, is the 1000th day the government of this great nation will operate without a federal budget.
Operating under a series of continuing resolutions, our Legislative Branch has spent 1000 days doing the people’s business while running the world’s largest economy without one of the most basic foundations of an actual business model – a budget (as the Constitution requires). But never fear… I’m absolutely certain President Obama will use the bully pulpit of the State of the Union Address to once again proudly and defiantly announce his intention to work with both Houses to pass a budget “immediately” – just like he did last year. Just in case you forgot, that budget proposal went down 97-0 in the Senate. Not even one democrat was willing to own the president’s proposal. But like I said, never fear. I’m sure an election year will make the effort far less riddled with obstacles than it was 365 or 1000 days ago.
Since it’s been 1000 days and I can barely wrap my brain around how long ago that was (April 29, 2009), I’ll turn you over to the folks at Heritage who have compiled a list of facts about the budget, or lack thereof, just for a sense of perspective…
- 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.
- Interest payments on the debt are now more than $200 billion per year.
- President Obama proposed a FY2012 budget last year, and the Senate voted it down 97–0. (And that budget was no prize—according to the Congressional Budget Office, that proposal never had an annual deficit of less than $748 billion, would double the national debt in 10 years and would see annual interest payments approach $1 trillion per year.)
- The Senate rejected House Budget Committee Chairman Paul Ryan’s (R–WI) budget by 57–40 in May 2011, with no Democrats voting for it.
- In FY2011, Washington spent $3.6 trillion. Compare that to the last time the budget was balanced in 2001, when Washington spent $1.8 trillion ($2.1 trillion when you adjust for inflation).
- Entitlement spending will more than double by 2050. That includes spending on Medicare, Medicaid and the Obamacare subsidy program, and Social Security. Total spending on federal health care programs will triple.
- By 2050, the national debt is set to hit 344 percent of Gross Domestic Product.
- Taxes paid per household have risen dramatically, hitting $18,400 in 2010 (compared with $11,295 in 1965). If the 2001 and 2003 tax cuts expire and more middle-class Americans are required to pay the alternative minimum tax (AMT), taxes will reach unprecedented levels.
- Federal spending per household is skyrocketing. Since 1965, spending per household has grown by nearly 162 percent, from $11,431 in 1965 to $29,401 in 2010. From 2010 to 2021, it is projected to rise to $35,773, a 22 percent increase.
“Since that date, the federal government has spent $9.4 trillion, adding $4.1 trillion in debt.” That’s really the only one I need. $9.4 trillion / $4.1 trillion in debt – without a budget. Unfrigginbelievable!!
More from GOP.gov - 1,000 Days and Counting Since the Senate Passed a Budget