Sunday, February 05, 2012

House takes big step on costs

A step in the right direction, undoing one of the dumbest laws ever enacted.
( – The House approved a potentially sweeping budget reform Friday that would force federal agencies to justify an annual increase, as opposed to getting an automatic increase under current budget law.
“What we are about to do could be the most responsible financial thing this Congress has done, this House has done in the whole last year,” Rep. Louie Gohmert (R-Texas) said before the vote. “It could be $1.4 trillion in cuts over the next 10 years and all we’re doing is just stopping the automatic increase.”

The rest of the story 

Comments are welcome


Anonymous said...

sounds like a bandaid on an open wound... I'd suspect many of these agencies will just have to go through a formality to get their annual increase due to inflation (which never stops)...

James Shott said...

I think it is more than that. They start with the previous amount, and then have to make a case for an increase.

Better would be to make them start from zero.