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And it violates virtually every principle of responsible budgeting.
Yesterday at Georgetown University, Senator John Kerry delivered a forceful speech on the virtues of responsible budgeting.
But he says that he has "heard nothing from Miliband to suggest dealing with over spending and responsible budgeting is not essential".
In tandem with the Clinton Administration's fiscally responsible budgeting, the trust fund's growth pulled the entire federal budget out of deficit from 1998 to 2001.
"But by working together cooperatively with our partners in the Legislature, we made the tough choices necessary to address that challenge through shared sacrifice and responsible budgeting".
The financial markets, which have long been dubious about New York's commitment to responsible budgeting, are not going to be impressed with the fact that the state wants to raid its mortgage fund to pay its current bills.
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To that extent, he has presented a responsible budget.
"We are working toward a final and responsible budget".
"A responsible budget means having a responsible backup plan," Mr. Sampson said.
Among them are passing a responsible budget that continues Arizona's economic comeback.
"A Good Grade for a Responsible Budget," The Wall Street Journal, April 12 , 2013 A15.
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