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Mack Joins Crenshaw to Launch the Accountable Budgeting Caucus
Group Seeks to Modernize Budget Process
September 26, 2006 -
Washington – Congressman Connie Mack (FL-14), a member of the House Budget Committee, has joined with fellow committee member Congressman Ander Crenshaw (FL-4) to launch the Accountable Budgeting Caucus. The caucus will encourage Congress to get back to the budget basics by establishing more reliable accounting practices by government agencies and modernizing the underlying concepts of the entire Federal budget processMack said:
“America’s long-term freedom, security and prosperity go hand-in-hand with restoring fiscal discipline in Washington. The people of Southwest Florida and the rest of the nation deserve a government that taxes less, spends less and regulates less.
“Part of restoring fiscal discipline is to ensure the federal budget is developed in a manner that accounts for our 21st Century economy. Today, however, the federal budget is based on a complex, confusing and outdated system of accounting practices that needs to be reviewed and updated.
“The Accountable Budgeting Caucus will work to develop a more modernized approach to federal budgeting that will help ensure federal dollars are spent as efficiently and effectively as possible.”
The primary areas of concentration for the caucus will include:
- Updating the current accounting methods and basic underlying budget concepts in the Federal budget process.
- Promote awareness of the different types of scoring methods and why this information is vital as members assess legislative proposals.
- Encourage the Joint Committee on Taxation and the Congressional Budget Office to utilize additional economic modeling methods when scoring revenue and spending bills.
Crenshaw added, “The Accountable Budgeting Caucus will be a driving force in Washington to promote initiatives that will modernize the federal government’s antiquated budget process.”
“If we continue to use inaccurate accounting and scoring practices, we will continue to limit the ability of Congress to properly oversee government spending but more importantly, we leave the door open to waste, fraud and abuse of taxpayer dollars.”
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