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Americans For Prosperity Americans for Prosperity (AFP) and Americans for Prosperity Foundation (AFP Foundation) are committed to educating citizens about economic policy and mobilizing those citizens as advocates in the public policy process. AFP is an organization of grassroots leaders who engage citizens in the name of limited government and free markets on the local, state and federal levels. The grassroots members of AFP advocate for public policies that champion the principles of entrepreneurship and fiscal and regulatory restraint.

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Transparency, accountability, a step toward fiscal reform: Why lawmakers should pass*

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Unread 01.28.20, 04:25 PM
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Transparency, accountability, a step toward fiscal reform: Why lawmakers should pass*

01.28.20 06:50 AM

Federal spending is out of control. Year after year, Congress*fails*to pass the required appropriations bills before the Sept. 30 deadline. After relying on continuing resolutions to keep the lights on, Congress finally passes massive omnibus spending bills chock full of new spending and bad policy. Whatís more, Congress only budgets for a third of total spending, with the rest operating on auto pilot, allowing them to kick the can down the road on the biggest spending drivers. No wonder the total national debt surpassed $23 trillion. Congressí budget process is broken. We need to fix it. As Americans for Prosperityís *new*policy*analysis report*lays out,*the*Bipartisan Congressional Budget Reform Act, sponsored*by Senate Budget Committee Chairman Mike Enzi,*with Sen. Sheldon Whitehouse as lead cosponsor,*is a great first step toward fixing Congressí*fiscal insanity. Better Reporting Enzi-Whitehouse*would require the Congressional*Budget Office*(CBO)*to report the additional interest costs from*increases in*mandatory spending, revenue changes and emergency spending. Interest on the debt*ó*payments made to our creditors that donít fund any programs ó*is one of the*largest*items*in the federal budget.*For 2020, interest costs total*$479 billion.*In 10 years,*it will be nearly double, at*$900 billion.*Thatís more than we currently spend on*Medicare, Medicaid or defense. Whatís more, with trillion-dollar deficits back on the scene, every […]

The post Transparency, accountability, a step toward fiscal reform: Why lawmakers should pass*the Bipartisan Congressional Budget Reform Act* appeared first on Americans for Prosperity.

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