http://www.nytimes.com/2012/08/14/op...mney.html?_r=1

Maybe, this will get President Obama to flush out his plans for the debt a little more. I am not sure what exactly President Obama has in the way of a budget. From my research, though, it is Congresses' job to implement the Federal Budget, the President just give the skeleton of an idea, Congress puts on the nerves, sinew, cartilage, nails, fat, organs like the heart & brain, etc.


http://en.wikipedia.org/wiki/United_...budget_process

http://www.researchamerica.org/current_budget_situation