The Budget Deal: A Tentative Step Forward

In a recent Washington Post article, I characterized any forthcoming budget deal as two parties who had dug a hole for themselves deciding to stop throwing shovels at each other. Despite this skepticism, I must admit that this December 2013 agreement is certainly better than throwing shovels—or, more formally, threatening another government shutdown, along with its attendant costs on the workings of government, the well-being of citizens, and economic growth.

This budget agreement also takes a couple of baby steps forward. For the first time in a while, it includes modest reforms to mandatory programs, not just discretionary programs. It cuts back slightly on the silly sequester. Perhaps more important, it gets the two budget committees functioning again. Traditionally, members of these committees have had to fight with the rest of Congress as much, if not more, than with their opponents within the committees—partly because committee members, regardless of affiliation, shared the objective of getting the budget into some sort of order.

If the committee members have really decided to restore their status, and if they are constrained by other congressional leaders from making significant headway on the budget in the months leading to the next election, I hope at least they will start working on bipartisan budget process reforms, such as reducing the game-playing in future budget agreements. One example is greater constraints on future legislation that increases long-term deficits. A trick still possible (but not used in this deal) is to avoid scoring or counting costs against a bill when they fall outside an arbitrary ten-year budget window.

6 Comments on “The Budget Deal: A Tentative Step Forward”

  1. Mix manually at very first, but never be afraid to give the
    soap a couple of blasts with your stick blender if you are possessing a difficult time mixing the charcoal
    in completely.

  2. Roma says:

    If some oone wants to be updated with hottest technologies
    therefore he must be pay a quick visit this site aand be up
    to datee daily.

  3. Anya says:

    When time is an concern, we provide complete-service consulting, social media management, content creation, Seo, online marketing, WordPress
    services and a lot more.

  4. Mirek Klabal hopes the hedge fund boom continues as Mirek Klabal says.

    One of the ingredients that you have to be very accurate with
    is the water that is used for the mixture. This is one of the finest hotels in Nairobi with all the extras of luxury.

  5. If you want to increase your experience only keep visiting this website and be updated with the hottest information posted here.

  6. After checking out a handful of the blog articles on your blog, I truly appreciate your technique of writing a blog.
    I book-marked it tto my bookmark site list and will be checking back soon. Please check
    out my web site ass well and let me know what you think.

Leave a Reply

Your email address will not be published. Required fields are marked *