Less Gov't = More Liberty!

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Proper Finances

 

The details of federal finances are intentionally disjointed and "complicated". I know the following details exist.

  1.   The FY18 budget proposed by the President (even though “All Bills for raising Revenue shall originate in the House of Representatives”)
  2.   The FY18 budget approved by Congress… did this even happen?
  3.   To which federal departments are funds appropriated?
  4.   How is each department supposed to spend the appropriated funds?
  5.   What are the contingency plans for each department if receipts are insufficient to cover planned outlays?

 

A Proper Budget

In my perfect world, federal finances should comply to requirements A thru C and follow steps 1 thru 3.

AEach federal budget will be a two-year budget, to be approved by Sept 30 of the first year of each Congressional term as identified below.
CongressTermBudget Approved byTwo-Year Budget Runs
116th2019 – 2020 Sep 30, 2019Oct 1, 2019 thru Sept 30, 2021
117th2021 – 2022 Sep 30, 2021Oct 1, 2021 thru Sept 30, 2023
118th2023 – 2024 Sep 30, 2023Oct 1, 2023 thru Sept 30, 2025

BFailure to approve a budget by its due date will force approval of the prior budget WITH mandatory 4% (minimum) across-the-board reductions.
OR ALL federal workers and officials have pay withheld until Congress passes a budget.
CTo prevent Sovereign States from challenging federal funding requests… the states must be represented in Steps 1 and 2.
1Congress determines what needs to be funded. All spending is discretionary - the prior distinction between "mandatory" and discretionary removed.
2Congress estimates the funds needed to accomplish its plans
3Congress asks the Sovereign States for the required funds. The Sovereign States to contribute according to decennial apportionment - a balanced budget.
In 2018, Texas’ apportionment is 36 parts of 435, approx. 8.28% of funds needed.

Step 3 abandons federal income taxes, abolishes the IRS, and asks the states to become federal tax collectors. [Repeal of Amendment XVI]

 

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Web Author - Mike Kolls