WASHINGTON – This morning, Members of the House Budget Committee introduced a comprehensive package of ten legislative reforms designed to help repair the broken budget process. House Budget Committee Chairman Paul Ryan issued the following statement upon release of these reforms:
“The federal budget process is broken. Washington stumbles from budget crisis to budget crisis, with little to no oversight of how government spends hardworking taxpayers’ money. The incentives currently favor those who want to spend more, and the result is a crushing burden of debt that is hurting economic growth today and threatening economic prosperity tomorrow.
“I’m pleased to join a team of reformers at the House Budget Committee committed to repair the broken budget process. My colleagues at the Committee have put forward 10 proposals designed to strengthen spending controls, enhance oversight, and increase transparency. These reforms mark an important first step to getting our arms around the problem, but there is no substitute for political will in solving our structural budget problems.
“The House Budget Committee will keep advancing solutions that deal directly with the drivers of the debt, help get our economy back on track, and ensure future generations a shot at the American Dream.”
To learn more: budget.house.gov/BudgetProcessReform