Crenshaw Launches the Accountable Budgeting Caucus
Group Seeks to Modernize Budget Process
September 21, 2006
(Washington, DC) - U.S. Representative Ander Crenshaw, a senior member of the House Budget Committee and Chairman of the House Republican Budget Task Force, launched the Accountable Budgeting Caucus today along with Congressman Connie Mack, a Member of the House Budget Committee. 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 process
“The budget process has evolved into a labyrinth of confusing, inconsistent and outdated accounting practices. Current practices, adopted forty years ago, cannot take into account the principles that drive our 21st Century economy,” Crenshaw said.
“We are long past due for a complete overhaul of our accounting practices and an examination of the underpinnings of the federal budget process. The Accountable Budgeting Caucus will work to promote modernization of these practices and provide additional oversight to ensure that every taxpayer dollar is spent more efficiently and effectively than ever before.”
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,” Crenshaw concluded.
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