‘We’re going to need a bigger boat’ — our budget process is causing our fiscal problems
Summary
The article says that the current budget process is no longer linked to reducing the deficit or controlling spending. This suggests growing problems in managing government finances.Key Facts
- The budget process used now does not aim to reduce the deficit.
- There is no longer a connection between budget reconciliation and spending control.
- The government is facing fiscal (money) problems linked to how the budget is managed.
- The phrase "We’re going to need a bigger boat" implies that current efforts are not enough.
- The article highlights concerns about increasing government spending and debt.
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