Archives: Budget Digests
Budget Digests
Restoring the Trust for Americans At or Near Retirement
Both Medicare and Social Security face insolvency within the next 15 years. As currently structured, neither program can fulfill the promise of retirement...
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Regulatory Budgeting
New regulations are much more common than new legislation. In 2015, 3,410 formal rules were issued by Federal agencies, while only 115 laws were passed...
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Effective Budget Enforcement
The failure of budget enforcement mechanisms has at least two major consequences: it significantly reduces the effectiveness of the budget resolution and...
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Fiscal Norms and Targets
The erosion of the balanced budget standard has deprived policymakers of the only consensus for fiscal policy they ever had, and nothing has replaced it...
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Controlling Automatic Spending and Unauthorized Programs
Automatic, or “mandatory,” spending robs Congress of its constitutional power to make all spending decisions. It cedes the “power of the purse” to the...
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Reclaiming the Power of the Purse
This Wednesday, the House Budget Committee will hold a hearing to examine how Congress has ceded its authority over spending to the Executive Branch...
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Time to Reform the Budget Act
There is near universal agreement that the Congressional budget process is broken and badly in need of reform. Perhaps the most visible sign of failure is..
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FY 2017 House Budget Resolution: Medicaid State Flexibility
Medicaid is a crucial component of the American safety net. It provides a fundamental level of health security for low-income Americans, many of whom struggle with long-term illnesses and disabilities.
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Restoring the Trust for Americans At or Near Retirement
Both Medicare and Social Security face insolvency within the next 15 years. As currently structured, neither program can fulfill the promise of retirement...
Read More