President's Budget must be less than prior year's revenue
The President's 2011 annual budget submittal was more than $1.5T over revenue. His submittal should not exceed revenue. According to Wikipedia (http://en.wikipedia.org/wiki/2011_United_States_federal_budget )the Presiden'ts budget plan was $3.82T with projected revenue of $2.17T -- a deficit of $1.65T. That should be a non-starter. Require a comprehensive budget plan that does not exceed last year's revenue. If ...more »
The President's 2011 annual budget submittal was more than $1.5T over revenue. His submittal should not exceed revenue.
According to Wikipedia (http://en.wikipedia.org/wiki/2011_United_States_federal_budget )the Presiden'ts budget plan was $3.82T with projected revenue of $2.17T -- a deficit of $1.65T. That should be a non-starter. Require a comprehensive budget plan that does not exceed last year's revenue. If you have a 'good' year, then the next year's budget submittal can be larger but not until that time.
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