Jun 14, 2016
Stop, Cut & Fix Would be a Win For the Economy and the Taxpayer
Post by Andy Koenig
In an op-ed for The Hill, Freedom Partners Senior Policy Advisor Andy Koenig explains how the Stop, Cut & Fix proposal would put America back on the road towards fiscal sanity.
A Responsible Plan to Cut Spending
Another year, another slow march towards a dangerous showdown over federal funding.
It is almost certain that Congress will fail to pass the required 12 appropriation bills before the fiscal year ends on September 30—the 22nd year in a row it has failed to so. With less than four months left, the Senate has only passed two appropriations bills and the House has passed one and rejected another. Absent a miracle, lawmakers once again face the specter of a government shutdown unless they pass a stop-gap bill funding bill or an omnibus bill slapped together at the very last minute.
This annual exercise in budgeting by crisis takes a toll. The fiscal uncertainty can lead businesses to forego major investments, contributing to America’s lackluster economic growth. The constant threat of a government shutdown also empowers lawmakers—on both sides of the aisle—who want to reward special interests and increase spending to hold the country hostage until they get their way. Washington, D.C.’s budget dysfunction is weakening America and driving us deeper into debt.
But it doesn’t have to be this way. Restoring a normal budgeting process free from manufactured cliffs and crises requires thinking outside the box. That’s why Congress should pass a long-term, two-year funding bill that ensures that the spending cuts already established by law are maintained.
This proposal has three advantages over the status quo. First, it would stop the cycle of budgeting by crisis, providing certainty to job creators. Second, it would cut and cap spending at the bipartisan levels established by Congress only a few years ago. Finally, it would give legislators a chance to fix the budget process and pass normal appropriations bills without the threat of a shutdown.
This plan—we call it “stop, cut, and fix”—would be a win for both economy and the taxpayer.