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1995

Budget Cuts

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Needed: An Armey Commission On The Budget, Murray L. Weidenbaum Dec 1995

Needed: An Armey Commission On The Budget, Murray L. Weidenbaum

Murray Weidenbaum Publications

The idea of a balanced budget is a fine start on the path towards governmental fiscal stability. The much harder task comes in identifying the specific spending cuts that should be made and attracting sufficient public support for such tough action. Currently, powerful interest groups are able to push very hard for the particular spending programs that benefit them. One solution to this problem would be to refer budget cuts to a bipartisan, blue-ribbon commission. Congress would then be required to vote up or down on the entire package, without opportunity to make exceptions for specific programs.