July 27th, 2011 Senator John McCain on the Senate floor.
The last federal budget was signed into law September of 2007 for fiscal year 2008.
Almost a decade has passed without a federal budget. The 2009 ARRA (American Recovery and Reinvestment Act), otherwise known as “The $1,000,000,000,000 ’09 Stimulus Bill”, has been spent every year for the past 7 fiscal years.
That’s correct. Due to no budget, and base-line budgeting continuous resolutions, aka “omnibus bills”, we’ve spent the 2009 “Stimulus Bill” seven more times. Each year, for seven consecutive years.
Ask yourself: Where did it go?