Senator John Thune (R-S.D.), a member of the Senate Budget Committee, today reintroduced legislation that would transform Congress' broken budget process through common sense reforms and reduce the rapid growth of discretionary spending. Senators Saxby Chambliss (R-Ga.), Mike Crapo (R-Idaho), Jim Inhofe (R-Okla.), Mark Kirk (R-Ill.), Mike Johanns (R-Neb.), and Rob Portman (R-Ohio) are all original cosponsors of the budget reform bill.
"The federal government's budgeting process is broken and continues to contribute to our nation's record debt and deficits," said Thune. "If American families and small businesses operated their budgets as irresponsibly as Washington does, they would go bankrupt.
"My bill would improve transparency and efficiency in the federal budgeting process by creating a legislative line-item veto, establishing a biennial budget timeline, preventing the abuse of emergency spending designations, enacting real PAYGO rules, and creating a permanent joint committee of Congress focused solely on passing spending cuts, among other reforms."