Op-Ed: Spending Faster Than The Speed of Light

This article originally appeared in Daily Caller on March 2, 2023

 

The federal budget is an utter mess. Unsurprisingly, the congressional budget process responsible for that mess is no better. It doesn’t take a rocket scientist to understand that when a process consistently leads to undesirable outcomes, it’s time to change it.

Congress last overhauled federal budget procedures in 1974. Signed into law by former President Richard Nixon, the Congressional Budget and Impoundment Control Act — designed for the era of ABBA and bell bottoms — sought to give Congress better tools for setting multiyear spending and revenue targets, engaging in a thoughtful weighing of budget trade-offs and reconciling the law to reflect national priorities.

Unfortunately, the Budget Act failed to achieve much of anything it was designed to accomplish. It was poorly designed for the 1970s, much less for today.

Read full op-ed in Daily Caller