How many of America’s 27 million small businesses and 18,586 large-scale companies start their fiscal year without a budget? Answer: Zero.
Our 535 Congressional delegates must feel they are privileged and can ignore meeting budgetary deadlines. How can I say this? According to the Government Accountability Office (GAO), Congress has met the Oct. 1 beginning date fiscal year only four times in 40 years (1977, 1989, 1995 and 1997). That’s a 90 percent failure rate.
The bipartisan organization Concord Coalition reports “the habitual use of these short-term spending measures reflects congressional failure on one of lawmakers’ most fundamental responsibilities. Beyond the embarrassment for lawmakers, however, continuing resolutions ... (have) created months of governmental chaos, long-lasting inefficiencies and wasted tax dollars.”