Sunday, May 20, 2012

Presidential Budgets - No big deal...

Great read from former Reagan Economist Bruce Bartlett on why the President's Budget is not exactly critical to our Country's business.

A preview:

Given all these changes in the budget process, the president's budget has been greatly diminished in importance. Whereas it was once the necessary starting point for all budget discussion, since that was the only place the numbers even existed, now it is just one proposal among many. Congress tends to rely exclusively on the CBO for all its budget numbers and analysis. Although departments and agencies are supposed to adhere to the president's priorities, they do so only half heartedly.

Read the whole thing: 

Who Cares About The President's Budget? -

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