AFPI Announces Budget Process Reform Contest

June 17, 2024

WASHINGTON, DC – Today, the America First Policy Institute (AFPI), announced it is holding a national contest to reform America’s badly broken federal budget process. The ‘Budget Reform’ contest will allow the greatest and sharpest economic minds to propose effective policy proposals for getting our nation’s budget process back on the right track. 

“The federal budget has been in disrepair for years. By launching this contest to recruit and engage with economists from around the country, we can develop comprehensive proposals to reform the broken Federal budget process, said Jim Carter, Senior Fellow for the Center for American Prosperity at AFPI. With a comprehensive and sensible plan to fix the budget, America can be put back on the path fiscal sustainability and economic prosperity.” 

"Federal debt held by the public has increased $15 trillion in the last ten years, more than doubling. The US government now owes the equivalent of a whole year of economic output and debt service is now larger than what we spend on our national defense,” said Mike Faulkender, Ph.D., Vice Chair of the Center for American Prosperity and Chief Economist at AFPI. "Our nation's current fiscal path is not just a challenge for economic well-being, but also a threat to our national security. This budget process reform contest will bring bipartisan attention, and hopefully solutions, to a broken system we can no longer ignore."   

AFPI will collect submissions and announce the winner in September of 2024. The winning proposal will be publicized by AFPI and transmitted to key congressional leaders for consideration.

Find out more information about the Budget Process Reform contest here.

Learn more about AFPI’s Center for American Prosperity here.

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