fiscally stupid or insane. If each member of Congress, as individuals, know they bring home $10,000 per month and spent $15,000 per month, how long would they be able to do this before their credit would be revoked? The federal government took in around $5T in revenue in fiscal year 2022. In 2023 they took in about 14% more. Say that percent increase stayed the same throughout the next several years, the $7.3T budget that Biden submitted creates a deficit from the get go. The problem is that the tax increases that Biden wants to put into the budget historically has shown that revenues decline, so the baked in deficit will most likely grow.
I know that President's have been doing it for many years, but if the Republicans in the House had any stones, they would push back that budget proposal and remind the President that it is the legislative branch (House) where financial bills are legally supposed to start and unless he can come up with a budget proposal that is less than expected revenue, that he can pound sand until they submit something.
I know that President's have been doing it for many years, but if the Republicans in the House had any stones, they would push back that budget proposal and remind the President that it is the legislative branch (House) where financial bills are legally supposed to start and unless he can come up with a budget proposal that is less than expected revenue, that he can pound sand until they submit something.
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