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James C. Capretta | Real Clear Policy
James C. Capretta | Joint Select Committee on Budget and Appropriations Process Reform
The current federal budget process hinders Congress' ability to make timely and orderly decisions in addressing fiscal challenges. Three solutions could change the role of the budget resolution and reform the process.
James C. Capretta | AEI Economic Perspectives
James Capretta discusses what the role of the budget request is, what the congressional budget looks like in theory, and what it looks like in reality, as well as several other key features of the congressional budget process. Capretta argues that the current process was written for a time when appropriations spending was dominant; it does not work as well with so much of the federal budget devoted to spending that occurs automatically on entitlement programs. Further, he concludes that the current process does not facilitate executive-legislative agreement on budgetary aggregates, which is an important reason for instability and uncertainty in federal finances.
Republicans who want spending restraint probably represent only about 10 to 15 percent of the total Republican-voting electorate, but without their support Republicans cannot win. That gives the fiscal-restraint advocates a strong hand to play, if they play it correctly. Read More