What is PGPFs position on budget reform?
Currently, the federal budget process lacks sufficient discipline and transparency. We must do a better job of assessing the longer-term affordability and sustainability of various spending and tax proposals before they are enacted into law. Reforms to our federal government’s budget process should include steps to control spending and restrict imprudent tax cuts, as well as curb government’s tendency to permit “mandatory” spending programs and tax preferences to grow unchecked. This growth not only threatens large deficits; it reduces the ability of voters over time to decide how to devote their tax dollars to the most important needs of their time. This hardly seems fair, as each generation should have the right to make choices about the needs of its society without being locked in by the decisions made by elected officials of years past.
