Analysis & Indicators

Blog Post

The Broken Budget Process Should Be Refocused on Long-Term Planning

September 21, 2017
The official federal budget process was established in 1974 by the Congressional Budget and Impoundment Control Act. In practice, the process prescribed by the law has never been followed to the letter, and in recent years it’s been abandoned almost entirely. The broken budget process has resulted in policymakers applying quick fixes to avert artificial crises such as government shutdowns instead of making strategic long-term decisions.

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Blog Post

The Broken Budget Process Should Be Refocused on Long-Term Planning

September 21, 2017
The official federal budget process was established in 1974 by the Congressional Budget and Impoundment Control Act. In practice, the process prescribed by the law has never been followed to the letter, and in recent years it’s been abandoned almost entirely. The broken budget process has resulted in policymakers applying quick fixes to avert artificial crises such as government shutdowns instead of making strategic long-term decisions.
Blog Post

Why the National Debt Just Hit $20 Trillion

September 13, 2017
On Sept. 8 the national debt increased by over $300 billion, surpassing $20 trillion for the first time in history -- a symbolic reminder of the federal government’s flawed fiscal policy. But how exactly did we get to this point, and why was there such a sharp increase in a single day?