Fix fiscal problem (Mick Mulvaney)

Secure America's Future Economy (SAFE)
Advocating smaller, more focused, less costly government since 1996

February 26, 2018

Director Mick Mulvaney
The Office of Management and Budget
725 17th Street, NW
Washington, DC 20503

Dear Mr. Mulvaney:

SAFE has written letters to the members of Congress from time to time, and you may recall hearing from us during your service in the House of Representatives. See, e.g., the "budgets are meant to be balanced" letter that we sent to you (see enclosure) and 534 others in
June 2013.

Nearly five years on, the fiscal outlook has grown darker. The current administration inherited chronic budget deficits that were running some $0.5 trillion per year. The tax plan failed to temper tax rate reductions by eliminating tax preferences, i.e., fell far short of being a true tax reform bill. There has been no meaningful action to rein in entitlements, and an across-the-board surge in discretionary spending was authorized by the recent budget deal. Bottom line: trillion-dollar deficits are back.

It's been suggested the budget system is broken, and the Bipartisan Budget Act provides for a joint select committee to review the problems and offer solutions. Although skeptical of this exercise for several reasons, including the nil results of a JSC for deficit reduction (co-chaired by Rep. Jeb Hensarling & Sen. Patty Murray) in 2011, SAFE has developed and is pleased to offer some suggestions for improving the odds.

Among our suggestions: an immediate, point-by-point review of the spending cuts and mandatory spending changes recommended in the Major Savings and Reforms volume of the president's budget proposal. Hope this will reinforce the OMB's ongoing efforts, which we greatly appreciate. Let's make the budget process work, Section V,

Please advise if you have any questions or we can help further.


© 2020 Secure America’s Future Economy • All rights reserved •