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798 Days Since Senate Democrats Thought Government Needs a Budget

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Uploaded by on Jul 6, 2011

Congressman Paul Ryan, Chairman of the House Budget Committee, told CNBC that: "The problem is we have not gotten any counter offers from our partners on the other side of the aisle. No budget from the Senate and no proposal from the White House that actually deals with this problem. The president's budget dramatically increases the debt. He came out with a speech, which the CBO tells us they can't score a speech. We really haven't had any actual specific, credible alternatives from the other side of the aisle on how to achieve this. We put a lot of details out there, we are hoping our partners on the other side of the aisle do the same. I think we could do this by the end of the month's time."

Maria Bartiromo: It's interesting what you are saying, I don't know that most people understand that you haven't gotten anything from the other side and some people in some corners, they would argue with that. Why haven't you seen a budget proposal from the Senate side, for example and how long has it been?

Congressman Ryan: "It's been about 800 days since the Senate bothered to pass a budget. Mind you, our law here requires every year for Congress to pass a budget by April 15. We have done that and they haven't for about two years now. I think the reason they didn't do this is because they don't want to show the people the kind of tax increases they have in store for the American people and for the economy."

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  • $1-15,000 ProShares Trust Ultrashort 20+ Year Treasury ETF (TBT)

    $1-15,000 iShares Barclays TIPS Bond Fund (TIPS)

    $1-15,000 WisdomTree International Basic Materials (DBN)

    $1-15,000 SPDR S&P Metals & Mining (XME)

    Betting Against America. These are bets placed by Eric Cantor as he sabatoges debt talks and stands to make money from the economy failing. How dare you, Mr Cantor! And what is the House hiding that they are letting this terrorist act slide? This is our future!

  • How do we put up with this nonsense? Read articles: "Debt quotes" ; "Obamanomics – It’s Worse Than You Think"

    "Head of CBO says Obama’s policies slowing growth"

    "Debt tsunami is here and Obama is the earthquake"

    "17 National Debt Statistics Which Prove That We Have Sold Our Children And Grandchildren Into Perpetual Debt Slavery"

    "Dems and GOP still arguing over bar tab on the Titanic"

    "Obama says debt increase ‘a sign of leadership failure’"

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