By: Mark Hyman
As of Election Day, that is the number of days since the US Senate last passed a budget. It’s been three and a half years.
And Senate Majority Leader Harry Reid has shown no interest in passing one.
Any public company that behaved the same way would be in hot water with the Securities and Exchange Commission.
Since the Senate last passed a budget the feds have spent about $10 trillion. $6 trillion has been added to the national debt. It’s grown from $10 trillion 4 years ago to more than $16 trillion today.
We pay more than $200 billion annually in interest on the national debt. Much of that money goes to China.
There hasn’t been any leadership from the White House on the budget. President Obama’s spending plan is so extreme that every single Republican and Democrat voted against his 2013 budget. The Senate voted 99-0 and the House voted 414-0 to defeat the Obama budget. Even Socialist Bernie Sanders voted no.
According to a recent report, we also face unfunded liabilities of $84 trillion dollars for Medicare, Medicaid and Social Security. This is unsustainable.
We cannot continue down this path.
It is time to make strong choices.10/31/12 Budget Failure
Mark Hyman hosts "Behind the Headlines," a commentary program for Sinclair Broadcast Group.