Requires President to forfeit pay until budget is submitted

(Washington, DC) – Congressman Larry Bucshon introduced H.R. 1082, the “President’s Salary Suspended Unless Budget Measure Is On Time (SUBMIT) Act,” which places the President’s pay in escrow if he fails to meet the statutory deadline to submit his budget until the day the budget is submitted.

Congressman Bucshon (IN-08) released the following statement regarding his proposal:

“We are in the middle of a robust discussion on how best to address our nation’s fiscal challenges. The first step in the discussion is producing a budget, on time – when the law requires it. Unfortunately, today marks the 37th day the President’s budget is late. In fact, four out of the five years he has been in office, the President has failed to meet his statutory budget deadline.

“Our nation’s debt is nearing $17 trillion and under President Obama, we have added over $1 trillion in debt each year. Responsible budgets are submitted on time and responsible budgets do not run trillion dollar deficits.

“American families and small businesses have to budget their resources and they deserve a budget on time from their President. The President should be held to the same standard as the American people and Congress and this bill sends that message.”

BACKGROUND:

Full text of H.R. 1082, the “President’s Salary SUBMIT Act,” can be accessed by clicking here.

H.R. 1082 does not apply to the first year of a President’s first term.

The Budget and Accounting Act of 1921 requires the President to submit an annual budget on the first Monday in February. The President missed his deadline for FY 2014 on Monday, February 4th.

This week, White House Press Secretary, Jay Carney admitted that he does not know when the President’s budget will be released. “On Monday, Carney again reiterated that the White House did not ‘have a date-certain’ for release of the president’s budget” (The Hill, 3/11/13).

President Obama has missed his budget deadline, required by law, four out of the five years he has been in office and is the first President to do so two consecutive years since 1923 and holds the latest budget submission at 98 days.

On Monday, February 4, 2013, President Obama signed into law the House-led “No Budget No Pay Act” requiring Congress to pass a budget or forfeit pay until they do so.

According to the Congressional Budget Office, 2012 marked the fourth consecutive year with more than a $1 trillion deficit. The CBO announced last month that the budget deficit for fiscal year 2013 is projected to be $845 billion (The Hill; 2/05/2013).

IS IT TRUE that according to the published report by the Winnecke Administration, prepared by City Controller Russell Lloyd Jr. concerning the finances of the City of Evansville shows a potential financial problem facing the city? …that on the day Mayor Winnecke took the oath of office, the City of Evansville health and hospitalization fund had $5,668,108 ear marked to fund the health and welfare needs of our city employees? …that the Gateway System reports today that this fund only has $465,940 in it?…we wonder where the $5,202,000 went?…we also wonder, where will the money come from to fund future employee health and hospitalization benefits if this account only has $465,940 in the year end balance?

IS IT TRUE we feel if the above imformation is correct, it’s time that Mayor Winnecke focus more attention to the health and welfare issues of our police, firefighters, and support personnel and less on assuring his being elected to his second term in office?

Confirmation on line item 704 on the following link after choosing Cities/Towns, then Annual Financial Report, then Cash and Investments, then choose Vanderburgh, 2012, City/Town, and Evansville Civil City.

https://gateway.ifionline.org/

Awards and Recognitions
04/27/2012

Deaconess Health System and The Women’s Hospital both have been named a Top 100 Best Places to Work in Healthcare by Becker’s ASC Review/Becker’s Hospital Review. This is the second year in a row that Deaconess Health System was named on the list. The 2012 list was developed through nominations and research, and Deaconess Health System and The Women’s Hospital were selected “for its demonstrated excellence in providing a robust benefits, wellness initiatives, professional development opportunities and atmospheres of employee unity and satisfaction.”

To be considered for the list, organizations may be nominated or selected based on Becker’s research. Deaconess Health System and The Women’s Hospital were chosen based on research. Becker’s advertisers were not eligible for the list, and no winner paid any fees to be considered or to be named to the list.

Becker’s Hospital Review is a bimonthly publication offering up-to-date business and legal news and analysis relating to hospitals and health systems. Content is geared-toward high-level hospital leaders and includes hospital and health system news, best practices and legal guidance specifically for these decision makers. Each issue of Becker’s Hospital Review reaches more than 15,000 people, primarily acute care hospital CEOs and CFOs.

St. Mary’s Warrick Foundation will hold its 20th Annual Gala on April 5th, 2013 at the St. Mary’s Manor Auditorium. The event begins at 6:00 p.m. with a cocktail reception and silent auction, followed by dinner, and then a live auction. Three local physicians, Dr. James Goris, Dr. James Mooney, and Dr. Kenneth Parker will be recognized for their support and services they have given to our community and hospital.

This year, a special auction item will be up for bid. UK fans will have a chance to own a piece of the actual 2012 Final Four floor where the Wildcats captured their eighth NCAA Championship, hand signed by Coach John Calipari. Only 1,000 of these pieces were produced. Each measures 12” by 18”. Northwestern Mutual, proud sponsor of the NCAA, has graciously donated this item to St. Mary’s. View all the auction items.

The Gala raises money to support St. Mary’s Warrick Foundation, which helps fund a wide range of hospital-related initiatives, all focused on helping those in need such as new equipment, staff education, remodeling, and care of the poor in the community.

Tickets are $75 each and must be purchased in advance. Sponsorships are also available. For more information and to reserve tickets, contact the St. Mary’s Warrick Foundation office at (812) 897-7397.

Jax – Jax has become a favorite at the VHS for his playful and charismatic nature! He is a young black cat, full of energy and love to give. His mother brought him to someone’s home and he was born under their window. She knew he would be safe, and he is the last of all of his siblings to be adopted. He has done well around other cats and children, and would be the perfect addition to your family! Jax’s adoption fee is $30, which includes his neuter surgery, age-appropriate vaccines, a nationally-registered microchip, a bag of food, and more.

http://www.vhslifesaver.org

Moody’s Investors Service has reaffirmed the “A1” bond rating on the City of Evansville’s Sewage Works Revenue Bonds. The bonds represent $57.7 million of outstanding “Moody’s rated” debt related to city sewage projects.
In a report released by Moody’s stated: “The affirmation reflects the utility system’s stable financial position with adequate debt service coverage, a history of regular rate increases and a diversified customer base,” with a good mix of residential and commercial customers.
The report described the Utility as a “large system that serves a strong local economy” and said the debt service is “adequate and expected to increase in the near term.” Difficulty implementing new financial software was listed as a challenge. However, Moody’s noted that the city was able to reconcile the accounts, and the Utility system “has exhibited stable financial performance.”
Moody’s stated the Utility also has a sizable customer base. Analysts recognized Evansville as a regional economic hub diverse customer base includes manufacturing, higher education, medical facilities and gaming.
“The City has been experiencing some growth in the manufacturing sector, with expansions planned at Berry Plastics and Toyota,” the report stated. “The City’s growth in the Downtown area is expected to continue as well, with an upscale hotel expected to be built near the Ford Arena and the convention center.”