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Friday, May 6, 2011

postheadericon Budget enforcement plans not sufficient

As a proponent of the One Cent Solution to reduce federal spending one percent per year until the budget is balanced, we believe the upcoming debt ceiling bill is the best vehicle for enacting these necessary reforms.  It appears others are doing the same.  

In the past month, we’ve seen the introduction of two new budget enforcement plans â€" the Administration’s “Failsafe” proposal and the Bipartisan Policy Center’s SAVEGO proposal.   With the debt ceiling vote coming up these plans are worth a closer look.  Will they really put a cap on out-of-control federal spending?   

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