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 05, 2016

U.S. Rep. Jordan and Growing Chorus of Lawmakers Oppose Omnibus Disaster in “Lame Duck”

Congress is racing toward another potential government shutdown this fall, but this is the last thing you will hear lawmakers talking about with their constituents this August recess. Why? Congress is wedded…

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Aug 03, 2016

ICYMI: Freedom Partners Urges Long-Term Spending Bill

Jon Reid | Morning Consult Freedom Partners, a group with close ties to the Koch brothers, is trying to rally congressional Republicans behind a plan that would postpone this year’s appropriations process…

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Jul 29, 2016

Slowest Second Quarter Growth In Three Years (Q2 Advanced Estimate)

Today, the Department of Commerce released its first estimate of gross domestic product for the second quarter of 2016, announcing that the U.S. economy expanded at an annual rate of 1…

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Jul 18, 2016

ICYMI: “Forcing Congress to Keep its Spending Promises”

The worst-kept secret in Washington, D.C., is that Congress will once again fail to do its most basic constitutional job and pass legislation to fund the federal government beyond the…

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