'1,200 Days and $5 Trillion in New Debt Since Senate Dems Passed a Budget'
8:50 AM, Aug 10, 2012 • By DANIEL HALPER
Tomorrow will mark a milestone: It will be 1,200 days since Senate Democrats passed a budget, during which time Congress amassed $4.8 trillion in new debt.
Later today, the Republican side of the Senate Budget Committee will release this chart, detailing these startling numbers:
Congress has spent $11.2 trillion since passing its last budget on April 29, 2009, according to the Republican side of the Senate Budget Committee. The new debt since that date is $4.8 trillion.
"Since the last budget resolution was passed 1,200 days ago, the government has borrowed 42 cents of every dollar spent," the chart notes. The chart is based on Treasury Department figures.
In a joint statement, Senate Budget Committee ranking member Jeff Sessions and House Budget Committee chair Paul Ryan mark the milestone.
“Tomorrow marks another disappointing record for the United States Senate: Senate Majority Leader Reid and his Democrat conference will have gone an unprecedented 1,200 days without adopting a budget plan as required by law," write Sessions and Ryan. "Not only have they failed to adopt a budget, but with America under threat of financial calamity, they have refused to even present a plan for public scrutiny. Last year, Majority Leader Reid said it would be ‘foolish’ to do a budget and the legally required Budget Committee mark-up was cancelled. No plan from his conference has seen the light of day. He refuses to disclose who he plans to tax and how he plans to spend taxpayers’ money."