A balanced budget to renew American prosperity

The budget process is one of the most basic functions of government - to set priorities of how to best use tax dollars. Every year, Congress and the President are required by law to agree to a 10-year budget resolution to manage our nation’s long-term finances. However, for too long we have not used the budget process to improve the fiscal condition of our country.

In recent years, the federal government has spent too much, borrowed too much, and promised too much. Trillion dollar deficits have pushed our national debt to nearly $17 trillion. Without changes, we face the very real possibility...