Budget Process Reform Principles
Here are principles for reform to help ensure that our budget process is conducive to fiscally responsible policymaking.
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Here are principles for reform to help ensure that our budget process is conducive to fiscally responsible policymaking.
There are numerous viable options to preserve the retirement system, including Social Security, in a fiscally sustainable way that gives families adequate time to plan and strengthens support for those who need it the most.
The current budget process is ill-suited for managing the nation’s long-term fiscal affairs. Learn about possible reforms to reimagine the budget process.
https://www.pgpf.org/finding-solutions/budget-process-reforms
Peterson Philanthropies is a network of nonprofit, nonpartisan organizations engaging in a range of initiatives to strengthen the current economic and democratic foundations of the United States, and build a brighter future for the next generation.
By making smart, strategic decisions about future national security requirements policymakers can ensure that our military is strong and that we are prepared to defend our nation from threats while also avoiding potential waste of precious national resources
The economy goes through cyclical movements over time, with periods of growth followed by downturns. To help improve responsiveness to fluctuations in the business cycle, a number of important programs in the federal budget automatically increase or restrain spending depending on economic conditions.
https://www.pgpf.org/budget-basics/what-are-automatic-stabilizers-and-how-do-they-affect-the-budget
Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the data for June 2023.
https://www.pgpf.org/the-current-federal-budget-deficit/budget-deficit-june-2023
Climate and weather-related natural disasters are becoming increasingly frequent. In addition to endangering lives, they are economically costly.
https://www.pgpf.org/budget-basics/what-is-the-disaster-relief-fund
They are burdened by record student debt. They are entering the workforce during a time of unprecedented economic uncertainty, in a nation with crumbling infrastructure, a climate in crisis, and rising inequality.
Earmarks have been controversial, but nevertheless were reinstated by Congress in 2021 after a 10-year moratorium.