The bill would blatantly disregard the Budget Control Act (BCA) of 2011 that requires Congress to adhere to budget caps – This bill goes above and beyond, busting the caps by nearly $300 billion over two years, more than twice that of the past two, two-year deals combined

As Matthew Clemente pointed out in his last entry, the national debt will surpass GDP as soon as 2012. Unfortunately, it gets more frightening—according to the 2008 Financial Report of the U.S. Government, the government has already promised $65 trillion in Medicare and Social Security—more than the GDP of the entire world. Even this figure is already outdated: consider the additional promised payouts with the passing of the healthcare bill.

Rep. Paul Ryan articulates the real fiscal figures associated with health care at today's Health Care Summit.          

A fair share of congressional Democrats have expressed confusion and dissatisfaction with President Obama’s 2011 FY budget proposals. Since the budget was released, it has increasingly been subject to heavy scrutiny and criticisms among Democrats. In addition to fiscally conservative Republicans, a growing number of Democrats are realizing that, in many ways, Obama’s budget is impractical and too costly.

President Obama’s newly released budget proposal clearly indicates that he is not focused on decreasing our country’s fiscal deficit anytime soon. Instead, Obama plans on spending $3.8 billion of taxpayer money that taxpayers can’t afford.

The Office of Management and Budget has released President Obama's Budget for the 2011 fiscal year. Below is a link for the 2011 FY budget in PDF format. http://www.whitehouse.gov/omb/budget/fy2011/assets/appendix.pdf The following links include information regaring the 2011 Fiscal Year Budget.