July 28, 2014

Should the Ryan budget worry seniors?

seniorsA central element of the Congressional Budget process, established in 1974, is that policy proposals affecting the balance between spending and revenues must be scored by a philosophically neutral organization, one created for the purpose of making sure Congress clearly understands the budgetary effect of the legislation brought before it. That duty was given to the Congressional Budget Office, or CBO.

It is deeply ironic, then, that the House Budget Committee – the committee primarily charged with making sure Congress sticks to the principles of the Congressional Budget and Impoundment Control Act of 1974 – is once again presenting a budget plan that essentially blocks the CBO from doing its job.

Read the complete story at the Center for American Progress.