Taxpayers for Common Sense president Steve Ellis statement on the Fiscal Year 2023 President’s Budget Request.
After years of racking up enormous deficits amidst pandemic spending, the President has put forward a budget that projects deficit reduction in coming years. We welcome that. But we also know budgets are always projections and wish lists. A president can put anything in their budget to make the numbers sing the fiscal tune they wish. Whether or not they can get lawmakers to sing along is the real trick.
A major concern is that Congress will take the Pentagon and domestic spending boosts, but resist the revenue raisers intended to reduce the deficit impact. With a more than $30 trillion debt and the cost of servicing that debt rising to more than a trillion dollars in 10 years, the country can’t afford more of that fiscal trajectory.
At this point the attention to the deficit in this budget deserves a golf clap. If they can make real progress getting our fiscal house in order, we will be the first to applaud and cheer.
We will be digging into the details identifying programs and policies that should be cut or eliminated if we are serious about cleaning house.
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TIMELINE
April 1, 2022
Our Take: Rebranding Doesn’t Make CCUS a Better Bet in FY23 Budget
March 31, 2022
Our Take: Another Attempt to Bring Back Title XVII Loan Guarantee Program
Our Take: Budget + Infrastructure Package Leaves Nuclear Riding High
Our Take: FY23 Procurement Request for F-35
Our Take: Climate and Conservation Priorities in FY23 USDA Budget
March 30, 2022
Our Take: National Nuclear Security Administration Request for FY23
Our Take: Making Investment Toward Wildfire Risk Mitigation and Resilience
March 29, 2022
Our Take: Shipbuilding Request versus Reality
In the News: Biden proposes $2.6B increase for USDA
March 28, 2022
Our Take: Phantom Cut to the Corps of Engineers Budget
Our Take: Better Bets for Bioenergy in FY23 Budget Request
Our Take: More Funding for Orphan Wells- O&G and Mining Industry leaves tabs with taxpayers again
Our Take: The President’s FY 2023 Department of Homeland Security Budget Request
Our Take: Backpedaling on Fossil Fuel Tax Breaks?
Our Take: Deficit Reduction Depends on Congress
Our Take: Biden Proposes No Cuts to Crop Insurance in FY23 Budget
Our Take: Biden Fails to Harvest Savings in Farm Subsidy Programs
March 25, 2022
January 19, 2022
Podcast: Budget Watchdog, All Federal — Episode 14: 2022 State of Play
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