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Exactly three years since the largest financial entity in the world have a budget.
The US federal government reaching a milestone on Sunday three full years about passing a permanent spending plan.
Last week leaders in the United States senate.
Which is controlled by the president's own party.
Announced they would not advance a budget for the third year in a row this on a serious approach to budgeting has dire consequences for American families.
The president and his party leaders are now insisting that Washington take trillions of dollars from hard working Americans.
In an effort to lock in ever higher government spending -- that is Paul Ryan from about a week.
Stephen Moore senior economic threat of the Wall Street Journal Steve how you doing good morning Cuban Las Vegas -- -- -- -- do it.
Help me understand a practical effect of not having a budget when there's not something that's in writing that's been voted on that's been passed and signed a -- Well the big problem bill is that we're borrowing one point two trillion dollars a year.
We're on the course where -- everyone knows we have to rack with the respect how much worse bad -- And the problem -- for three years now -- shot it Democrats are simply not put forward a budget blueprint which means.
That they want to stay basically on the course Iran vowing a trillion dollars a year or.
Now Paul Ryan who you just stock -- it.
How he put forward a budget as you know a few weeks ago it passed through the house.
Now some people may agree with that budget some people may disagree with that but at least he's put out a couple budget blueprint -- here -- how we're gonna deal with the opposite situation.
The problem is the Democrats have no plan and they're not willing to let the American people see what the plan -- what we I would ask why do we even pay -- These people always we have spoken and many people say they haven't put -- -- -- because -- American people tend to -- -- for that.
This is what Ron Johnson argues they refuse because they don't want to be held accountable.
He continues -- -- rather cut back -- deals that hide the details of the plans.
And then -- political potshots at Republicans have at the carriage to produce and vote for a serious budget do you agree with that.
A 100% that's exactly what they've been doing you saw all of the shots that they took a -- lions budget he wanted to up.
Push gravel over over the edge of the cliff in her wheelchair those kinds of but you know that's have been running against the Republican budget.
But the point is there is no Democrat flat out the president put out his son bill as you know back in February it was voted in the house sits on it it was voted down 97 to zero on this on it.
400 something to zero in the house even Nancy Pelosi wouldn't open that budget so the problem is the Republicans have a plan the Democrats don't I think this is extreme -- -- financial malpractice by the Democrats put out and show your cards let the American people won't know how you wanna deal with this upset if you do -- all.
Well you -- -- financial malpractice Democrats in the senate say they passed the budget control act last year which is adequate enough because it puts caps on spending.
What well no I don't think so I mean that's still would leave us with close to trillion dollar.
Budget deficits -- by the way.
That the Democrats have I have proposed a number of off spending measures that would already -- I was spending caps and it's only a year away a year old so I don't believe the Democrats have been very serious about living under those financial constraints.
And I don't think that they're they're tough enough they'll let me look this is a financial.
Disaster that we're facing if we don't do something about these that we -- -- ten trillion dollars over the next ten years.
I mean -- top of the fifty trillion dollar national debt that we have right now.
I mean it is simply financial catastrophe you we do that it's time to get serious about it both parties after you but of one party is basically.
Playing a rope a dope I don't think.
You're gonna get a solution -- -- John Boehner -- that's what elections are for we will find out in November if he's right -- -- and more Wall Street Journal thank you and.
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