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This is no way to write a budget.īudgets are about setting priorities. With so much still undecided, the safest prediction is that, as in previous years, the eventual winners of this year's budget battle will be those who can read the legal fine print and twist the available loopholes and gimmicks in their favor. Discretionary spending caps that were created to limit spending were allowed to expire without any replacement.Bush neared completion of his 2004 budget submission-and most agencies laid the groundwork for their 2005 budget requests-without knowing their 2003 budget levels and The House of Representatives, Senate, and White House could not even agree on a basic budgetary framework for fiscal year 2005.Months into the fiscal year that they were designed to fund The annual budgets were not completed until four.The budget process finally collapsed during the fiscal year (FY) 20 budget debates, during which: Created in 1974, the current process has been subject to 30 years of abuse and loopholes from lawmakers hoping to exploit its structural flaws. The process is supposed to provide an orderly roadmap for determining the nation's annual spending and revenue priorities, but instead it stifles debate, prevents cooperation, and frequently breaks down. The current federal budget process is failing to meet its most basic obligations.