Step One- write it. Step Two- pass it.
That that was forgotten, or ignored, by our recent Political leaders is tragic.
When you run a business or government you need to anticipate costs and revenue, keep them in-line with each other, and make tough decisions fluidly to keep them in check. A budget is a piece of the puzzle in helping to do that very thing. It is a blueprint or guide of how you expect to spend and collect money. The people who elect you have a right to know how you intend to spend and collect, how you choose to overspend and run a deficit, and a right to know where your priorities are. A budget in part helps define your economic actions. When you don’t have one, it hides this from us. When you don’t pass one, it shows a lack of political will and conviction (lack of professional courage). When you don’t follow one, it leaves us to pick up the mess and pay for the damage you have “unknowingly” done. When you overspend without one, it doesn’t allow is to see who and where the extra money went and hold them accountable.
Current Budget is approximately 4.5 Trillion dollars, while GDP is about 14.3 Trillion.
Current budget spends approximately 1.645 Trillion more than current revenue provides.
Idea- We NEED to pass a law where a lack of a budget forces a national shutdown, without option. NO “continuing resolutions”. That would force all politicians to the table to deal with each other. My take is that people are either part of the solution or part of the problem. Until we get politicians to deal with each other, deal for the American peoples best interest and long term success- they are part of the problem(not them, but the inherent weakness of politicians in general). Until they are forced to come to the table and resolve issues, they will not do so.
Side Note- The New York Times posted an interesting challenge about how YOU would choose to Balance to Budget. Here is the link:
The lack of political accountability and direct urgent problem resolution is the tragic heart of the matter.