
Federal Budget & Spending |
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Reforming Federal Budget Process |
Critics say Congress is far from adept at producing a timely federal budget and sticking to it. At times, they note, it even breaks its own laws.
Rep. Chris Cox (R-Calif.) has introduced a bill that would set up a new budgetary system and make it enforceable. It would make spending limits set at the beginning of the process binding. Congress could exceed them only by a two-thirds vote. And if Congress and the White House could not agree on these limits upfront, spending would simply continue at the previous year's levels. Source: Editorial, "Washington's Budget Subterfuge," Investor's Business Daily, October 3, 1997. |
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