A balanced budget within “a 10-year window”, reforming the Congressional budget process and robust oversight of the Obama administration (shocking) are among Cong. Tom Price’s priorities as the new chair of the House Budget Committee. The Marietta Republican was elected to the post and in a statement released on Wednesday, outlined five priorities.
Other items topping his agenda are creating a budget that “invests in the nation’s priorities while saving and strengthening our health and retirement programs,” using reconciliation to move policies to Obama’s desk and “a continued focus on the current unsustainability of the nation’s entitlement programs.” The last point, I’m sure, means he will grandstand about making cuts, but won’t actually risk angering any constituents by reducing government spending.
Price gave a few details about his plans:
“We will put forward a budget that restores balance to the nation’s books. It will provide a blueprint for how to save and strengthen vital health and retirement programs while ensuring needed resources for those who protect and defend our great nation. Key to accomplishing real results will be to use budgetary processes at our disposal to move meaningful legislation through the House and Senate and to the president’s desk for his consideration. This can and must be done in a transparent manner with consultation and input from members across different committees of jurisdiction and Congress at large.
“Unique to our committee will be a continued commitment to the review and reform of the Congressional budget process. Congress budgets and assesses the fiscal and economic impact of policies using a 40-year old framework in which the default is to spend more, not less. The current Congressional Budget Office rules and analytical limitations lead to unrealistic projections and are vulnerable to manipulation. We need to modernize the budget process so Congress has a more complete and realistic understanding of the impact policies will have on the nation’s fiscal health, the economy and the well-being of families and businesses.”