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President -- missing the budget deadline for the fourth time in his five years in office so why is the president doing his job senator Rob Portman is on the Senate Budget Committee he joins -- is there nice to see you Greta and I -- try and they going back to president Johnson -- other presidents who have likewise not met this deadline viewer in administration the Republican administrations OMB did you meet the deadlines.
We did meet the deadline and it's not easy to meet his deadlines for completed time of record deficits and debts.
An economy that so we produce on the economy actually shrunk in the fourth quarter.
The president should be meet his deadlines and as was just set in your program we don't -- -- he's gonna -- it so we'll have before the state of the union it looks like it won't.
It's possible this year that the budget won't even come up before the house passes passes this -- again it's a house Republicans have responsibly passing budgets.
The senate Democrats and other hand if you know for more than three years now have not passed a budget again that time -- record debts and deficits you think at least we don't look good for spending.
Pretty even -- its -- to -- It's the law.
And that really -- -- others before him have you know I'd gone back to president Johnson have.
-- -- I have ignored it but it just happened behind the rest of us you know we follow the law.
And we do our jobs so I mean like why is this just seem like as it's okay to do it's like okay discern it's meaning there's no management when you when you when you don't meet these.
Well maybe because other than the show tonight you look at a lot of a lot of pressure about it and it's a pattern to there are five other examples that I can point to where the president has not met.
Significant deadline one is a report on how the sequester supposed to work and how -- -- a sequestered just not done.
They have missed most of their mid session reviews which is the mid year the mid July deadline the last two -- this.
It also miss the Chinese currency report time and time again.
And more recently the Medicare trigger when Medicare you know.
-- to certain and I general revenues for us to have a proposal is -- -- you propose to reform Medicare they just simply ignore it.
And then finally the regulatory agenda there's -- of two times here they put it off and put it off and finally issued -- two days before.
Well let me say you know I'm probably the presence at the president's side today that they house the senate have passed a bill to suspend the debt ceiling until May.
Now that's called that's suspending the debts and typically you raise the debt -- she put the lid on what the government has spent it's like -- -- a visa card and you reach your credit you call up and giving a thousand dollars under a lot of credit and that's your new limit.
Well what has now happened is Capitol Hill has suspended.
That limits like -- going to America express car would dole limit and if president you've you've given the present no limit until midnight.
I don't -- American Express would appreciate that comparison because it couldn't be as bad as.
We haven't there's no limit on the present -- -- Well the -- limited by the appropriations process -- of the house and the senate still under the constitution has the power of the purse so he's not supposed to spend more than it's been appropriated and in the entitlement programs are under law.
But having said that you're right it's a huge problem -- wish we should not extend the debt limit again and that's what's coming up -- -- few months as you said it may be 46 months by the way.
In lesser real spending cuts that you know I propose that legislation got a lot of votes -- the -- of the senate not quite enough for majority.
But it's really simple idea just -- a dollar reduction in spending for every dollar increase the debt limit and by the way you get just about to balanced budget over ten years if you do that.
-- -- sister's already -- -- -- this breaking news tonight but that's important topic thank you thank.
I have to raise it thank you.
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