The Hill News

Currently the United States is operating without a budget as no formal resolution was adopted for the fiscal year beginning October 1, 2010. This untenable situation requires numerous continuing resolutions to fund government operations. We have recurring budget battles, rather than secure expenditures. 

Any government agency would claim it is next to impossible to conduct business this way and we need to adopt a formal budget. The question is why President Obama and Congress have not done so and the answer is complicated for a couple of reasons.

First, the United States is operating under a $14 trillion debt and a $1.5 trillion deficit, which means we are spending quite a bit more than we are bringing in. There is only one solution to this problem: cut spending and raise revenues. The former seems relatively easy, but the problem is what do you cut? 

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