Congress’ Radical New Budget

More Than Doubles Sequestration Cuts

Robert GreensteinIn a statement responding to the new congressional budget agreement, Robert Greenstein, President of the Center on Budget and Policy Priorities, outlines why, if adopted, it “…will represent one of the most radical budget plans that lawmakers have adopted since they created the modern budget process in 1974.”

Why is it so radical?

Greenstein explains:

If they follow this plan, lawmakers would eviscerate substantial parts of the federal government — including parts that have previously enjoyed bipartisan support — and they also would violate the clear intent of the 2011 Budget Control Act (BCA).

In addition, the budget agreement would weaken long-term economic growth and reduce opportunity. It would increase poverty and widen inequality.

Greenstein states, “…the agreement shows how far Congress has strayed from a positive, productive path. The nation needs to chart a very different one.”

The agreement more than doubles sequestration cuts and we have already seen the damage sequestration caused to the Housing Choice Voucher program and loss of vouchers.

Click here for the full statement from CBPP.