President Barack Obama has NEVER submitted a Budget - just spending plans. A Budget consists of an itemized summary of estimated or intended expenditures for a given period along with proposals for financing them. Barack Obama only presents expenditures - NOT how to pay for those expenditures.On April 14, 2011, President Obama was asked by George Stephanopoulos whether his job to convince lawmakers to increase the debt ceiling was made more difficult by his vote in 2006 against raising the debt limit. As you know, Obama admitted the vote was "political." "I think that it's important to understand the vantage point of a Senator versus the vantage point of a...President. When you're a Senator, traditionally what's happened is this is always a lousy vote. Nobody likes to be tagged as having increased the debt limit for the United States by a trillion dollars... As President, you start realizing, 'You know what? We-- we can't play around with this stuff. This is the full faith in credit of the United States.' And so that was just a example of a new Senator, you know, making what is a political vote as opposed to doing what was important for the country."
July 14, 2011
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