From Kurt Couchman [AFP] <[email protected]>
Subject Bad budgeting means more inflation and economic pain
Date August 26, 2023 6:30 PM
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John, you know the fiscal crisis America currently faces did not happen
overnight.




Decades of overspending, wastefulness, and ineffective budgeting processes
have led to the current situation.




One main contributor to this crisis is Congress. The budgeting process is
chaotic and dysfunctional, and each successive Congress barely muddles through
but without fixing the system.




Of course, the current president and his big-spending, debt-increasing,
money-printing “Bidenomics” gave us inflation and he is making the looming
fiscal crisis far worse.




Joe Biden has proposed spending more money than any president in American
history. His spending proposals are a threat to America’s economic stability,
as Fitch Ratings’ recent downgrade of federal debt indicates.




And America’s future economic stability (without crushing new taxes or
inflation forever) is key to opportunity and prosperity for all Americans, like
you and me.



The good news is new ideas to fix these problems and secure America’s
financial future are available.





In particular, I’m excited about the newly proposed Principles-Based Balanced
Budget Amendment by Rep. Nathaniel Moran (R-TX-01) and Sen. Mike Braun (R-IN).
This legislation is a key piece of any agenda to fix Washington’s growing debt
problem, along with a comprehensive budget and other budget upgrades.




To learn more about the principles that will get America’s budget back on
track and lower inflation, our policy team has a great resource for you toread
here
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:


Access Report >>
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Thanks,

- Kurt




Kurt Couchman

Senior Fellow, Fiscal Policy
Americans for Prosperity
























Americans for Prosperity

1310 N. Courthouse Road, Suite 700

Arlington, VA 22201




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