Certainly it made me think. He argues for making appropriations permanent. Doing so would stabilize spending and avoid the high dramas of government shutdowns, continuing resolutions, and all the craziness.
First, I fully sympathize with Prof. Taylor’s observation that the budget process is broken. Our deficits and debt are astronomical. The budget resolution is, as he notes, “frequently ignored, and rarely used as intended.” The shutdown and debt ceiling brinkmanship, and enacting multi-thousand page spending bills are symptoms of the broken budget process….(Read more)