I didn’t put it in my “14 Fixes for our Messed up Country” list, since I thought it was long enough, but one of the things I really think needs to be reformed is the utterly insane institution of “baseline budgeting,” aka “Washington accounting,” aka “DC moonbattery.”
Apparently, though, according to CNS News (no, that’s not a typo) baseline budgeting might be on the ropes:
The House approved a potentially sweeping budget reform Friday that would force federal agencies to justify an annual increase, as opposed to getting an automatic increase under current budget law.
“What we are about to do could be the most responsible financial thing this Congress has done, this House has done in the whole last year,” Rep. Louie Gohmert (R-Texas) said before the vote. “It could be $1.4 trillion in cuts over the next 10 years and all we’re doing is just stopping the automatic increase.”
The Baseline Reform Act of 2012 passed the House by a near party-line vote of 235-177. However, the bill will likely have a difficult time passing the Democrat-controlled Senate.
Under current federal budget law, the amount of money a federal agency will automatically get for the next year is based on the current year’s amount, plus inflation, which is the “baseline” for the next budget year.
Read that last paragraph again, and then ask yourself: where, outside of the federal government, does that sort of accounting work? Do you ever give yourself a budget equal to last year plus inflation automatically? I don’t even think Warren Buffet, as wealthy as he is, does that, nor Mitt Romney. Probably not even Trump, but who really knows what the Donald does.