- Posted March 12, 2013 by
This iReport is part of an assignment:
Do Deadlines Matter?
The Budget and Accounting Act of 1921 requires that the president submit his budget request for the upcoming fiscal year no later than the first Monday of February. Well, the deadline has come and gone and the President’s budget requests are still a mystery.
As it turns out, this is not the first time the president has ignored this legal deadline; actually this is the 3rd year in a row. Does this blase' attitude toward the federal budget send the message that deadlines don’t matter?
Had the President gotten his budget request in on time 3 years ago would we still be without a federal budget 3 years later?
Of course this is not just about the president, but also the congress.
Did you know that it is a legal requirement to pass a budget resolution by April 15 of each year?
I guess the congress has a little time before the deadline…I suppose there is nothing we can do but wait and see what happens. Let’s hope we won’t be disappointed again this year.