Budget Process

The national debt is one of the greatest threats to Americans’ well-being.

The $18 trillion federal debt drains the economy in the form of higher taxes and interest rates, creates uncertainty for businesses, crowds out private investment and threatens to increase inflation, a hidden tax on families.

One of the reasons it has been so easy to keep adding to the debt is because Congress budgets with rules that are rigged to support increased spending. For instance, Congress assumes that spending will go up every year, so if funding for a program remains the same, politicians call it a “cut.” It also spends and borrows hundreds of billions of dollars every year without even passing a budget.

Congress needs to pass budget rules that prevent this from happening. At the very least, it’s time for Congress to stop assuming that spending will increase every year.

Washington has to start using real accounting rules and require the House and Senate to introduce balanced budget plans.


Aug 26, 2016

Slowest Second Quarter Growth in Three Years (Q2 Preliminary Estimate)

Today, the U.S. Department of Commerce released its second estimate of gross domestic product for the second quarter of 2016, announcing that the U.S. economy expanded at an annual rate…

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Aug 24, 2016

$19.4 Billion in Corporate Welfare Congress Can Save Taxpayers This Year

We frequently hear people complain about the “do-nothing Congress” in Washington, D.C. But every so often, Congress doing nothing can yield a great result. At the end of this year…

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Aug 10, 2016

News Flash: 2016 Deficit Bigger Than Anticipated

Another day, another bitter reminder of Washington’s fiscal recklessness. On Friday, August 5, the Congressional Budget Office (CBO) announced that the federal budget deficit for 2017 is already larger than originally…

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Aug 05, 2016

Tracking Bipartisan Opposition to Lame Duck Spending

As we’ve noted for weeks, when Congress passes massive spending bills right after an election, accountability goes out the window. That’s because many of the people voting on the bills…

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