There are serious issues with America’s federal budget. Very serious issues.

Where to begin? Let me first start with the process of budgeting, that process of drafting a plan for raising revenue and spending it. Congress often does not adopt a budget. In 2024, the House of Representatives passed a resolution; the Senate did not. For his part, President Joe Biden delivered his budget late. These days, Congress tends to go through the bother of passing a budget only so that whichever party holds a majority can ram policy changes through the reconciliation process (which can evade filibuster in the Senate)…. (Read more)