Bill Posey: “A nation that does not operate on a budget is plagued by irresponsible spending with bloated budgets, unfathomable debts…”

“A nation that does not operate on a budget is plagued by irresponsible spending with bloated budgets, unfathomable debts and jeopardizes its long-term sustainability. That's true of any family or business and it's true of governments as well. Every state is required to have a budget and nearly all states are required to balance their budget. Sadly, the federal government has failed to operate on a budget for the past four years, and it's past time for that to come to an end. In four out of the last five years, the President has failed to submit a budget to the Congress by the date required by law. Furthermore, each of those budgets, when eventually submitted, projected trillions of dollars in deficit spending as far as the eye could see. That is a recipe for national bankruptcy and it is morally wrong. You would not steal from your children or grandchildren and we should not let Washington do it either. That is why I rise in support of legislation that I have cosponsored, H.R. 444. This bill is really very simple. It requires the President to do what the U.S. House of Representatives has already done--pass a budget that balances. I am also hopeful that the U.S. Senate will do something that it too has failed to do for the past four years--pass a budget. Any budget. That will enable the House and Senate to do what is required by law: establish a budget for the U.S. Government and live within that budget.…”