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A History (and Future) of the Budget Process in the United StatesBreaking up the Budget Process

A History (and Future) of the Budget Process in the United States: Breaking up the Budget Process [The current budget process is asked to resolve too many issues that are both debatable and difficult to resolve using the current framework. This includes how the overall budget fits into the economic policy of the country. In the 1940s, the architects of the Employment Act established an infrastructure for establishing economic policy that should be expanded to include debate over the principles of policy as related to the budget. Congress should be required to decide on these principles before they can proceed to writing the budget or considering appropriations bills. Therefore, the economic policy can inform budget policymakers. This will allow the process to work out some of the aggregational problems before dealing with the distributional challenges.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

A History (and Future) of the Budget Process in the United StatesBreaking up the Budget Process

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Publisher
Springer International Publishing
Copyright
© The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2019
ISBN
978-3-030-30958-9
Pages
205 –215
DOI
10.1007/978-3-030-30959-6_8
Publisher site
See Chapter on Publisher Site

Abstract

[The current budget process is asked to resolve too many issues that are both debatable and difficult to resolve using the current framework. This includes how the overall budget fits into the economic policy of the country. In the 1940s, the architects of the Employment Act established an infrastructure for establishing economic policy that should be expanded to include debate over the principles of policy as related to the budget. Congress should be required to decide on these principles before they can proceed to writing the budget or considering appropriations bills. Therefore, the economic policy can inform budget policymakers. This will allow the process to work out some of the aggregational problems before dealing with the distributional challenges.]

Published: Oct 26, 2019

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