"Wisconsin Rep. Paul Ryan, chairman of the House Budget Committee, said Sunday that his new budget includes the repeal of President Obama’s health-care reform law known as ObamaCare."
"Ryan told 'Fox News Sunday' that the new proposal will make enough cuts to balance the federal budget in 10 years, compared to his previous one that tried to achieve that goal in 25 years."
"'We think we owe the American people a balanced budget,' the Republican congressman said."
The rest of the article is here.
Usually, congressional consideration of the federal budget begins once the President of the United States submits a budget request. The budget request includes funding requests for all federal executive departments and independent agencies.
As required by the Budget and Accounting Act of 1921, President Obama was supposed to submit a budget request to Congress no earlier than the first Monday in January, and no later than the first Monday in February. To date, President Obama has failed to follow the law and submit a budget to Congress. In fact, Obama has missed the budget deadline more than any president since the 1920s.
Failing to follow the law (again) is simply another political move by President Obama, as President Obama likely does not want to have his budget taken as an opening offer in the coming fight over raising the nation's $16.4 trillion debt ceiling.
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