Cumulative deficit = DebtThe Budget of the United States Government is the President’s proposal to the US Congress which recommends funding levels for the next fiscal year, beginning October 1. Congressional decisions are governed by rules and legislation regarding the federal budget process. Budget committees set spending limits for the House and Senate committees and for Appropriations subcommittees, which then approve individual appropriations bills to allocate funding to various federal programs. Visit: MeTee.com The place for publishing and printing t-shirts & always free shipping. If you would like to be a channel sponsor for 30 days for $1/day or just donate $1 to keep this channel going visit: meseed.com Thank you – Subscribe for breaking news. Like/Dislike, Comment, Favorite and share on Twitter, Facebook, and Google+ to get the word out on this video. Take any of my videos and put them on your channel with a more interesting title (never know if this channel will get taken down): www.keepvid.com Archive this video with keepvid. Signup for the Daily News Email Subscription tinyurl.com