“There is new momentum to revamp Washington’s Groundhog Day-like budget process. The Senate’s recent vote to embrace a biennial budget… has significantly boosted the chances it could pass in this Congress.” —The Hill, “Momentum growing to revamp Washington’s ‘broken’ budget process,” March 30, 2013
According to a recent CNN poll*, as many as 67 percent of Americans disapprove of the way the president and Congress is currently handling the federal budget and the way the government raises and spends money. This figure does not come as a surprise—in fact, I’m surprised it isn’t higher. Washington has operated for several years without passing annual budgets and has appropriated through short-term continuing resolutions, which is Washington-speak for not doing our jobs. We continue to spend money through last-minute, haphazard deals and never do oversight or look for cost-benefit savings. As a result, we rack up trillion dollar deficits and don’t know where the money has been spent. Our nation’s debt is $16 trillion and rising.
That’s why in March of this year, Sen. Jeanne Shaheen, D-N.H., and I reintroduced bipartisan, commonsense legislation that would fundamentally reform Congress’ broken budgeting process. Our Biennial Budgeting and Appropriations Act would convert the annual spending process to a two-year budget cycle, forcing Congress to become better stewards of the taxpayers’ money by placing Congress on a two-year budget cycle with one year for appropriating federal dollars and the other year devoted to oversight of federal programs. Continue reading →