Peterson-Pew Panel Argues for Revamping Budget Process to Control Debt

Publication: The National Journal

Author: Katy O'Donnell


11/10/2010 - Looking beyond the pitched battles over specific spending cuts and tax measures to reduce future deficits, the Peterson-Pew Commission on Budget Reform urged Congress today to overhaul a budget process that it said runs largely on autopilot.


The group, made up of fiscal policy experts tied to both parties, is urging Congress to adopt new rules for setting public debt-reduction targets and then sticking to them. But with Congress torn by partisan warfare and leaders in both parties reluctant to give up power, it’s not clear whether the proposals will get traction in the new Congress.

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Read the article Peterson-Pew Panel Argues for Revamping Budget Process to Control Debt in its entirety on the National Journal Web site.

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