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Publication Date: September 1987
Publisher: Heritage Foundation (Washington, D.C.)
Author(s): Stephen Moore
Research Area: Banking and finance; Government
Keywords: Budget
Type: Report
Abstract:
By outlawing budget fantasy, through enforceable procedural reforms, Congress would take an essential step toward proper control of the federal government's fiscal affairs. The Senate's lopsided vote in favor of budget process changes this summer is a sign that legislators are finally waking up to the harmful consequences of budget fraud and deception. This reform package is only a start. Ultimately, conquering the $180 billion deficit will require Congress to restore the President's proper leadership role in the budgetary process.