Washington, Feb 6 – Today, the first Monday in February, marks the legal deadline for the President to submit a budget for the approaching fiscal year. Since a deadline was first set in 1923, a President has never missed the deadline two years in a row. But President Obama, who missed the deadline in 2009 and 2011, has already said a budget will not be released today.
This means that for three years out of his four-year term, President Obama will have blatantly missed the deadline, leaving the country with no choice but to assume he does not take seriously the need to get our fiscal house in order. President Obama also holds the record for the most numbers of days to pass between deadline and actual submission. In his first year in office, President Obama waited until May 11, or 98 days past the deadline to submit his budget. For comparison, President Bill Clinton waited 66 days and President G.W. Bush waited 63 days, their first years in office.
Sadly, this is not the only deadline the President has missed during his time as the nation’s chief executive. According to House Committee on the Budget:
“The President is required to submit a Midsession Review no later than July 16 each year. The President is required to submit a Financial Report of the U.S. Government no later than December 15. The President is required to submit a plan to shore up Medicare’s finances within 15 days of a funding warning by the Medicare Trustees.
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