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[The progressive budget reformers sought efficiency through standardization, transparency, and bringing business practices to the government. Balancing the federal budget was seen as a form of efficiency. However, the executive budget process created in 1921 was a difficult fit compared to existing institutions. Congress also replaced a system where they governed federal debt on a rolling basis with a series of limits. It is impossible to know for sure how the American Founders would have considered the fundamental reforms of this period; however, the control over taxation and debt had been seen as the primary determinant of sovereignty to be vested in the people. The progressive reformers, of course, believed this power was best placed in the hands of the executive.]
Published: Oct 26, 2019
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