...a budget that is 65 days late. Imagine sitting down at your kitchen table and saying screw it, I'll pay these bills later.
The Obama administration released an outline of its fiscal 2014 budget to reporters on Tuesday, forbidding its release until 6:00 a.m. Wednesday. The preview promises that President Barack Obama's budget 'reduces the deficit and puts the Nation on a sound fiscal course.'
'Every new initiative in the plan is fully paid for, so they do not add a single dime to the deficit,' the White House pledges.
An initial walk through the budget proposals, however, suggests that Republicans in Congress will need some convincing.
The budget will hit congressional offices less than 24 hours after the government's top watchdog agency declared that nearly $100 billion was wasted last year in duplicative and overlapping programs stretching into every corner of the Washington bureaucracy.
Seeing things differently: House Speaker John Boehner won't like what President Barack Obama has to say about the federal budget on Wednesday
The star attraction of Tuesday's Capitol Hill hearing on the subject was the tale of three separate government agencies that spend money inspecting catfish, and the annual waste of $14 million that goes along with it.
House Republicans in the oversight committee hearing room were not amused. And GOP budget hawks won't be smiling when they read a prominent declaration in the White House's outline that has already been shown to be an exaggeration.
The budget, it says, 'would achieve $1.8 trillion in additional deficit reduction over the next 10 years, bringing total deficit reduction to $4.3 trillion. This represents more than enough deficit reduction to replace the cuts required by the Joint Committee [on] sequestration.'
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