The route to a real budget deal

By David M. Walker – There are glimmers of light in our battle to put America’s finances in order. New hope for a long-term budget deal has come in the form of two ideas, both from outside Congress, that many of our elected officials have embraced:“No Budget, No Pay” and “No Deal, No Break.”

The critical matter now is whether these two initiatives will lead to serious negotiations, or just be rhetorical weapons in Washington’s political warfare.

To its credit, the GOP leadership in the House of Representatives has endorsed and then passed, with bipartisan support, a version of “No Budget, No Pay.” The legislation then won the support of the Senate and the White House. As a result, both chambers will likely pass a budget by April 15.

But that’s not the end of the story, by a long shot. more>



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