Congress has been dragging its feet on approving government spending for the coming fiscal year, but some decisions will need to be made soon because lawmakers now have less than a month to avoid a government shutdown when the new fiscal year begins on October 1. Here are 6 Things Congress Should Do As It Considers the Federal Budget and Government Spending.
1. Stop stalling.
2. Agree on a budget that puts the debt on a declining path.
3. Quit relying on unrealistic economic growth or budget gimmicks.
4. Stop the bleeding.
5. Address the real drivers of the long-term debt.
6. Don’t count on tax cuts to pay for themselves.
Read the full brief, 6 Things Congress Should Do As It Considers the Federal Budget and Government Spending.
None of the 12 spending bills funding the government have been approved yet, nor has a federal budget that sets overall spending levels been agreed to. It will be extremely difficult to address our fiscal challenges like high and rising national debt if we can’t get the budget process in order.
Budgeting requires tough decisions. This is especially true because the irresponsible actions and short-sightedness of the past are starting to catch up to policymakers as they face ballooning budget deficits and debt.
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