Current Weather
The Spy FM

With Focus On Obama Budget, Fiscal Watchdog Warns Of Broken Process

Filed by KOSU News in US News.
February 13, 2012

As fiscal experts around Washington and beyond pored over President Obama’s 2013 budget proposal, one of the nation’s most persistent nags about the need for the U.S. to clean up its budgetary act reminded his fellow citizens of just how much a mess the whole process is.

David Walker, one-time head of the Government Accountability Office, pointed out something that isn’t news but still has the power to disturb when you actually take the time to mull it over: Congress has gotten in the habit of not passing spending bills on time or budget resolutions at all, for that matter.

In a YouTube video aimed at educating the public Walker, who now heads the pro-fiscal accountability Comeback America Initiative, also reminds his listeners that only a minority of federal spending is laid out in that spending legislation.

WALKER: “And even when they do pass a budget and spending bills on time, they only control about 38 percent of spending. Can you imagine doing a family budget, a business budget or any other budget that only controls 38 percent of spending. No wonder we have $15 trillion of federal debt and (are) adding debt at record rates…”

Walker means that spending by federal entitlement programs like Social Security and Medicare aren’t reflected in those spending bills, for instance.

Walker also points his audience to an online Fiscal IQ test that will probably leave many people feeling like they could stand to learn some more about the nation’s fiscal situation, which is his point, after all. [Copyright 2012 National Public Radio]

Leave a Reply

5AM to 6AM The Splendid Table

The Splendid Table

Hosted by award-winning Lynne Rossetto Kasper, The Splendid Table is a culinary, culture and lifestyle program that celebrates food and its ability to touch the lives and feed the souls of everyone.

Listen Live Now!

6AM to 7AM Travel with Rick Steves

Travel with Rick Steves

"Travel with Rick Steves" is a fun, hour-long, and practical talk show with guest experts and calls and questions from travelers. This weekly program is a lively conversation between travelers and the experts as we learn to explore our world smartly, smoothly, and thoughtfully.

View the program guide!

7AM to 9AM Weekend Edition

Weekend Edition

From civil wars in Bosnia and El Salvador, to hospital rooms, police stations, and America\'s backyards, National Public Radio's Peabody Award-winning correspondent Scott Simon brings a well-traveled perspective to his role as host of Weekend Edition Saturday.

View the program guide!

Upcoming Events in your area (Submit your event today!)

Streaming audio and podcasts

Stream KOSU on your smartphone

Phone Streaming

SmartPhone listening options on this page are intended for many iPhones, Blackberries, etc. with low-cost software applications available to listen to our full-time web streams, both News on KOSU-1 and Classical on KOSU-2.

Learn more about our complete range of streaming services

We're perfecting the patient experience - Stillwater Medical Center