Committee for a Responsible Federal Budget

Staff Working Paper #3: Fiscal and Economic Goals and the Budget Resolution

Apr 17, 2009 | Budgets & Projections

The budget resolution should prompt debate about the implications of budgetary choices and aggregate totals for fiscal and economic policy, both near- and longer-term. This memo discusses options for increasing this focus through the development of better metrics, assessments of the macroeconomic implications of various budget plans, and the possible adoption of fiscal goals and targets. It also suggests ways to improve the budget process.