Federal budget

“ The faster our economy grows, the stronger the federal budget will be.
The greatest threat to our budget outlook is the danger that Congress will be tempted this fall to break its earlier commitments by spending too much. The old way in Washington is to believe that the more you spend, the more you care. What mattered was the size of the line in the budget, not the effect of that line on real people's lives. ”

“ America's prosperity requires restraining the spending appetite of the federal government. I welcome the bipartisan enthusiasm for spending discipline. I will send you a budget that holds the growth of discretionary spending below inflation, makes tax relief permanent, and stays on track to cut the deficit in half by 2009. (Applause.) My budget substantially reduces or eliminates more than 150 government programs that are not getting results, or duplicate current efforts, or do not fulfill essential priorities. The principle here is clear: Taxpayer dollars must be spent wisely, or not at all. ”

“ If the federal budget is not approved by the body vested with national legislative authority by
December 31st, the Minister of Finance will, on a monthly basis, approve funds for spending
units up to 1/12 (one twelfth) of appropriations of the previous fiscal year until a budget is
approved. The funds so provided for can be used only for liquidation of existing
commitments, salaries, pensions, social security payments, and debt service. ”

“ One area where we are already finding agreement is in our effort to spend the people's money wisely. This week, I announced that I will submit a five-year budget proposal that will balance the federal budget by 2012, while making the tax relief we passed permanent. ”

“ To keep our economy strong, we have to keep that strategy in place and finish the job. That's why I'm so proud that we've reached a bipartisan agreement to balance the Federal budget for the first time since 1969, when President Johnson was in the White House. ”

“ It is a budget that carries an enormous investment of human time and effort; indeed, I believe, the most exhaustive effort ever made to rein in government's chronic overspending. Every proposal is based on a careful review of what government should and should not do, what's worked and what hasn't, what we can and can no longer afford. Collectively, the more than 50 proposals we are making can stop the excessive growth of Federal spending in its tracks and put budget deficits on a permanent downward path. ”

“ Development of the Federal Budget generally begins in September when agencies submit their Budget Requests to OMB, and concludes with the issuance of the President’s Budget. Management, including oversight of agency performance, procurement, financial management, and information technology. ”

“ Government programs are of such importance in the development of production and employment opportunities—domestic and international—that it has become essential to formulate and consider the Federal Budget in the light of the Nation's budget as a whole. The relationship between the receipts, expenditures, and savings of consumers, business, and government is shown in the accompanying table.
Considering the whole Nation, total expenditures must equal the total receipts, because what any individual or group spends becomes receipts of other individuals or groups. ”

“ A new budget report, released this past week, shows that despite the economic slowdown that began in the third quarter of last year, the federal budget is strong, healthy and in balance. In fact, the 2002 budget surplus will be the second biggest surplus in American history. ”

“ We have made great strides in bringing the Federal budget deficit under control. Fiscal restraint has prompted a surge in business investment. We are in the process of implementing a policy that encourages private and public partnerships. ”

“ The first of these directions of action is the continuing reduction of all Government expenditures, whether national, State, or local. The difficulties of the country demand undiminished efforts toward economy in government in every direction. Embraced in this problem is the unquestioned balancing of the Federal Budget. That is the first necessity of national stability and is the foundation of further recovery. It must be balanced in an absolutely safe and sure manner if full confidence is to be inspired. ”

“ But it is not a standstill budget, for America cannot afford to stand still. Our population is growing. Our economy is more complex. Our people's needs are expanding.
But by closing down obsolete installations, by curtailing less urgent programs, by cutting back where cutting back seems to be wise, by insisting on a dollar's worth for a dollar spent, I am able to recommend in this reduced budget the most Federal support in history for education, for health, for retraining the unemployed, and for helping the economically and the physically handicapped. ”

“ Part of our trouble is that we have been self-indulgent. For decades, we have been voting ever-increasing levels of Government benefits, and now the bill has come due. We have been adding so many new programs that the size and the growth of the Federal budget has taken on a life of its own. ”

“ The 275-billion dollar debt poses a problem that requires careful consideration in the determination of financial and economic policies. We have learned that the problem, serious as it is, can be managed. Its management will require determined action to keep our Federal Budget in order and to relate our fiscal policies to the requirements of an expanding economy. ”

“ Our recent budget agreement, designed to reduce Federal deficits by $76 billion over the next 2 years, builds on this consensus. But this agreement must be adhered to without slipping into the errors of the past: more broken promises and more unchecked spending. As I indicated in my first State of the Union, what ails us can be simply put: The Federal Government is too big, and it spends too much money. I can assure you, the bipartisan leadership of Congress, of my help in fighting off any attempt to bust our budget agreement. ”

“ Our administration has proposed reforms that would fix the budget process: the lineitem veto and a balanced budget amendment. But if we're going to run the Federal Government by continuing resolutions, then the very least Congress can do is this: Break them into separate parts, with each part dealing with a specific area of Federal funding. ”

“ The centerpiece is something aimed at one of our toughest domestic challenges-deficit spending. It's about time we constitutionally mandate the Federal Government to do what every American family must do, and that is balance its budget. ”

“ The importance of the proposal to eliminate deficit spending can hardly be overstated. For decades Federal spending has been growing virtually out of control. It took 173 years, from the establishment of our government in 1789 to the Kennedy administration in 1962, for the annual budget of the United States to reach $100 billion. ”

“ The Obama-Biden plan will assist approximately 570,000 first-time mothers each year. Fiscal “The cost of our debt is one of the fastest growing expenses in the federal budget. This rising debt is a hidden domestic enemy, robbing our cities and states of critical investments in infrastructure like bridges, ports, and levees; robbing our families and our children of critical investments in education and health care reform; robbing our seniors of the retirement and health security they have counted on. ”

“ I have again proposed several grant consolidations in the 1982 budget, including a new proposal that would consolidate several highway programs.
The pressures for growth in Federal use of national resources are great. My Administration has initiated many new approaches to cope with these pressures. We started a multi-year budget system, and we began a system for controlling Federal credit programs. ”

“ This combined program, by increasing the amount of our national income, will in time result in still higher Federal revenues. It is a fiscally responsible program—the surest and the soundest way of achieving in time a balanced budget in a balanced full employment economy. ”

“ We must continue to budget our resources and budget them responsibly in a way that will preserve our prosperity and will strengthen our dollar.
Greater revenues and the reduced Federal spending required by Congress last year have changed the budgetary picture dramatically since last January when we made our estimates. At that time, you will remember that we estimated we would have a deficit of $8 billion. Well, I am glad to report to you tonight that the fiscal year ending June 30, 1969, this June, we are going to have not a deficit, but we are going to have a $2.4 billion surplus. ”

“ We must make sure that our economy grows faster than the growth in spending by the Federal Government. In our fiscal year 1986 budget, overall government program spending will be frozen at the current level. ”

“ Budget Director Jim Miller and his deputy Joe Wright have been briefing me on the results of our government-wide management project, a project that's saved our citizens over 600 million man-hours in filling out forms and redirected $84 billion in Federal money away from wasteful overhead into useful service and purchases. ”

“ Hearings and Report.— In developing the first concurrent resolution on the budget referred to in subsection (a) for each fiscal year, the Committee on the Budget of each House shall hold hearings and shall receive testimony from Members of Congress and such appropriate representatives of Federal departments and agencies, the general public, and national organizations as the committee deems desirable. ”

“ Social Security Administrative Expenses.— In the Senate, the amounts of new budget authority and budget outlays of the Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund for administrative expenses are as follows: Fiscal year 2009: (A) New budget authority, $5,296,000,000. (B) Outlays, $4,945,000,000. Fiscal year 2010: (A) New budget authority, $6,072,000,000. (B) Outlays, $5,934,000,000. Fiscal year 2011: (A) New budget authority, $6,568,000,000. (B) Outlays, $6,433,000,000. Fiscal year 2012: (A) New budget authority, $6,895,000,000. ”

“ The term ``deposit insurance ́ ́ refers to the expenses of the Federal Deposit Insurance Corporation and the funds it incorporates, the Resolution Trust Corporation, the National Credit Union Administration and the funds it incorporates, the Office of Thrift Supervision, the Comptroller of the Currency Assessment Fund, and the RTC Office of Inspector General. ”

“ That there should be one single authority responsible for the making of all appropriations and that appropriations should be made not independently of each other, but with reference to one single comprehensive plan of expenditure properly related to the nation's income, there can be no doubt I believe the burden of preparing the budget must, in the nature of the case, if the work is to be properly done and responsibility concentrated instead of divided, rest upon the executive. ”

“ Government efficiency and economy remain essential to steady progress toward a balanced budget. More than ten billion dollars were cut from the spending program proposed in the budget of January 9, 1953. ”

“ And now we've got to finish the job.
Earlier this year I proposed a plan to balance the budget, and Congress' own economists have certified that plan will balance the budget in 7 years. Republicans in Congress have their own balanced budget plan. If you laid my plan and their plan side by side, you would find enough cuts in common to both plans to balance the budget and provide a tax cut for working families. So the ingredients for a balanced budget are clearly at hand. All we have to do is sit down together and assemble a final agreement based on the things we already agree on. ”

“ It is reasonable, and it is responsible. It meets our obligations, and funds our growing needs. We increase spending next year for Social Security and Medicare, and other entitlement programs, by $81 billion. We've increased spending for discretionary programs by a very responsible 4 percent, above the rate of inflation. My plan pays down an unprecedented amount of our national debt. And then, when money is still left over, my plan returns it to the people who earned it in the first place. (Applause.)
A budget's impact is counted in dollars, but measured in lives. ”

“ I am returning herewith without my approval H.R. 3043, the "Departments of Labor, Health and Human Services, and Education, and Related Agencies Appropriations Act, 2008."
This bill spends too much. It exceeds the reasonable and responsible levels for discretionary spending that I proposed to balance the budget by 2012. ”

“ We intend to work with those in Congress who are striving to put us back on the road to budget sanity. And just as we've done with credit reform, the administration will propose additional elements in what will be a comprehensive budget-process reform package. These reforms are important to you because they're a key to continued economic growth and job creation. It's time to put politics aside and do what the Congress knows has to be done sooner or later anyway: give the American people a budget process that controls spending, a budget process we can be proud of. ”

“ We conferred together and I recommended to the Congress and you subsequently approved taking 2 percent from payrolls and 10 percent from controllable expenditures. We therefore reduced appropriations almost $10 billion last session and expenditures over $4 billion. Now, that was in the budget last year.
I ask the Congress to recognize that there are certain selected programs that meet the Nation's most urgent needs and they have increased. We have insisted that decreases in very desirable but less urgent programs be made before we would approve any increases. ”