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Wednesday, August 16th, 2017

Indian River Florida Tea Party - US Action Step

Urge Your Representatives in Washington to:

Cut Spending, Restrict Future Spending and Fix the Budget Process

Cutting Current Spending:

Congress has a wide array of choices. In 2010, The Heritage Foundation set forth $343 billion of potential spending cuts, most of which Congress has not yet made. Also, the House of Representatives passed H.R. 1 in February, containing many cuts in spending that have not been enacted. Other potential cuts in current spending include the appropriations contained in the Patient Protection and Affordable Care Act (Public Law 111-148, as amended), which the House of Representatives voted to repeal on January 19, 2011.

Congress should emphasize cuts in continuing programs because government uses existing budgets as baselines for future budgets so the current cuts likely will result in related reductions in future spending.

Restricting Future Spending

Congress can easily impose enforceable caps on the amount of federal spending in many categories, especially including the out-of-control entitlement programs, and pass and send to the states for ratification a balanced budget amendment which, when ratified by three-fourths of the States, will restrain federal spending, but that ratification will take time, and deep spending cuts must begin now and continue each year while the nation awaits ratification.

 In designing effective statutory restrictions on future spending, Congress should seek to reduce spending, with a reasonable transition period, to not more than the modern historical level of federal revenues—in short, drive spending down to no more than the historical level of incoming revenue so as to cut deficits over time and stop increasing the debt.

 Congress already has a number of useful budget proposals available to serve as a foundation upon which to base further actions necessary to cut future spending. On April 15, 2011, the House of Representatives passed House Concurrent Resolution 34 of the 112th Congress to establish a federal budget for 2012 and budgetary levels through fiscal year 2021.The House Republican Study Committee also proposed a budget, Amendment No. 4 in House Report 112-62, designed to reach a balanced federal budget within 10 years.

 While the ideas discussed above would not accomplish all that needs to be done to put America firmly on the path to financial responsibility, they reflect substantial progress toward that objective. Achieving that objective will require substantial reductions across a broad range of federal spending programs, including Social Security, Medicare, and Medicaid.

 Fixing the Congressional Budget Process

 When Congress established its budget process in 1974, the United States was in debt by about a half-trillion dollars; it is now in debt over $14 trillion. Clearly, then, process is no substitute for action when it comes to congressional self-control on spending. But a good process can help.

 Congress should amend existing federal laws that provide permanent or indefinite appropriations for federal agencies or programs (including entitlement programs), or that allow agencies or programs to spend funds they receive from fees or otherwise rather than depositing them in the U.S. Treasury, so as to retrieve congressional control of spending for those agencies and programs.

To make the budget process more visible, understandable, and accountable to the American people, Congress should estimate and publish the projected cost over 75 years of any proposed policy or funding level for each significant federal program.

Congress should require, in addition to the calculation of the costs of proposed congressional actions without regard to the response of the economy to the actions (known as “static” scoring), a parallel calculation that takes account of that response (known as “dynamic” scoring) so as to make more practical and useful cost information available to Congress when it decides whether to pursue the actions.

There are many other ideas for useful changes in the congressional budget process. Congress should measure the value of ideas for budget process reform against a key standard: whether they achieve substantial and enduring cuts in federal spending. If the process does not drive down federal spending and borrowing, the process is not a success.

Read Heritage.org Article Here

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