Fiscal Responsibility
Definition
Fiscal:
Pertaining to the public treasury or revenue.
- Liable to respond; likely to
be called upon to answer; accountable; answerable; amenable.
- Able to respond or answer for
one's conduct and obligations; trustworthy, financially or otherwise.
- Involving responsibility;
involving a degree of accountability on the part of the person concerned.
Constitutional Quotes
- Article.
I, Section
8 - The Congress shall have Power To lay and
collect Taxes, Duties, Imposts and Excises, to pay the Debts and
provide for the common Defense and general Welfare of the United
States; but all Duties, Imposts and Excises shall be uniform
throughout the United States;
- To borrow
Money on the credit of the United States;
- To coin
Money, regulate the Value thereof, and of foreign Coin, and fix
the Standard of Weights and Measures;
- Article.
I, Section 9 - No Money shall be drawn from the Treasury,
but in Consequence of Appropriations made by Law; and a regular
Statement and Account of the Receipts and Expenditures of all public
Money shall be published from time to time.
- AMENDMENT
XXVII - No law,
varying the compensation for the services of the Senators and
Representatives, shall take effect, until an election of
representatives shall have intervened.
- Article
of Confederation IX
- The United States
in Congress assembled shall also have the sole and exclusive
right and power of regulating the alloy and value of coin struck
by their own authority, or by that of the respective States --
fixing the standards of weights and measures throughout the
United States -- regulating the trade and managing all affairs
with the Indians, not members of any of the States, provided
that the legislative right of any State within its own limits be
not infringed or violated -- establishing or regulating post
offices from one State to another, throughout all the United
States, and exacting such postage on the papers passing through
the same as may be requisite to defray the expenses of the said
office -- appointing all officers of the land forces, in the
service of the United States, excepting regimental officers --
appointing all the officers of the naval forces, and
commissioning all officers whatever in the service of the United
States -- making rules for the government and regulation of the
said land and naval forces, and directing their operations.
- The United
States in Congress assembled shall have authority to appoint a
committee, to sit in the recess of Congress, to be denominated
'A Committee of the States', and to consist of one delegate from
each State; and to appoint such other committees and civil
officers as may be necessary for managing the general affairs of
the United States under their direction -- to appoint one of
their members to preside, provided that no person be allowed to
serve in the office of president more than one year in any term
of three years; to ascertain the necessary sums of money to be
raised for the service of the United States, and to appropriate
and apply the same for defraying the public expenses -- to
borrow money, or emit bills on the credit of the United States,
transmitting every half-year to the respective States an account
of the sums of money so borrowed or emitted -- to build and
equip a navy -- to agree upon the number of land forces, and to
make requisitions from each State for its quota, in proportion
to the number of white inhabitants in such State; which
requisition shall be binding, and thereupon the legislature of
each State shall appoint the regimental officers, raise the men
and cloth, arm and equip them in a solid-like manner, at the
expense of the United States; and the officers and men so clothed,
armed and equipped shall march to the place appointed, and
within the time agreed on by the United States in Congress
assembled. But if the United States in Congress assembled shall,
on consideration of circumstances judge proper that any State
should not raise men, or should raise a smaller number of men
than the quota thereof, such extra number shall be raised,
officered, clothed, armed and equipped in the same manner as the
quota of each State, unless the legislature of such State shall
judge that such extra number cannot be safely spread out in the
same, in which case they shall raise, officer, cloth, arm and
equip as many of such extra number as they judged can be safely
spared. And the officers and men so clothed, armed, and
equipped, shall march to the place appointed, and within the
time agreed on by the United States in Congress assembled.
- Article
of Confederation XII
- All bills of credit emitted, monies borrowed, and debts
contracted by, or under the authority of Congress, before the
assembling of the United States, in pursuance of the present
confederation, shall be deemed and considered as a charge
against the United States, for payment and satisfaction whereof
the said United States, and the public faith are hereby solemnly
pledged.
- Winning the War on
Terror
- Honoring and
Supporting Our Armed Forces
- Republicans
applaud President Bush's announcement of the most comprehensive
restructuring of U.S. military forces overseas since the end of the
Korean War. By closing bases overseas that are no longer needed to
meet Cold War threats that have ended, his new initiative will bring
home many Cold War-era forces while deploying more flexible and
rapidly deployable capabilities in strategic locations around the
world. It will save the taxpayers money by closing hundreds of
unneeded facilities around the world.
- International
Institutions
- Under Republican
leadership, the United States will pay a fair, not disproportionate,
share of dues to the United Nations, which must continue to reform
its management and take steps to eliminate waste, fraud, and abuse.
All funds that the U.S. contributes for operations, conferences, and
peacekeeping should count against these dues.
- Ushering in an Ownership
Era
- Tax Relief: Making
it Happen, Making it Permanent
- We believe that
good government is based on a system of limited taxes and spending.
Furthermore, we believe that the federal government should be
limited and restricted to the functions mandated by the United
States Constitution. The taxation system should not be used to
redistribute wealth or fund ever-increasing entitlements and social
programs.
- Building an Innovative,
Globally Competitive Economy
- Fiscal Discipline
and Government Reform
- To make sure the
private sector has the capital it needs to invest, grow the economy,
and expand prosperity, our leaders must make sure that the growth of
the federal government remains in check. The challenges America has
faced over the last four years have created an unwelcome but
manageable budget deficit. These deficits are due to a number of
factors: the stock market downturn that began in 2000 and the
subsequent recession that President Bush inherited when he took
office; the terrorist attacks on America and the necessary spending
for homeland security and the War on Terror those attacks
precipitated; and the crisis in confidence produced by corporate
scandals that were years in the making.
- It is important
to view the size of the deficit in relation to the size of the
nation's economy. By that measure, today's deficit, although
unwelcome, is well within historical ranges. A deficit that is 3.8
percent of GDP, as is now projected for this year, would be smaller
than the deficits in nine of the last 25 years, and far below the
peak deficit figure of 6 percent of GDP reached in 1983. This
deficit is also in line with what other industrialized nations are
facing today. The U.S. deficit matches the average deficit within
the Organization for Economic Cooperation and Development, and is
below the levels of France, Germany, and Japan.
- Much more
importantly, because the President and Congress enacted pro-growth
economic policies, the deficit is headed strongly in the right
direction. Next year's projected deficit, at 2.7 percent of GDP,
would be smaller than those in 14 of the last 25 years. As
Republicans in Congress work with the President to restrain spending
and strengthen economic growth, the federal deficit will fall to 1.5
percent of the nation's economic output in 2009 - well below the 2.2
percent average of the last 40 years.
- The events that
brought us into deficit are not completely behind us. The War on
Terror goes on. The recession has passed, but some industries and
workers are still feeling its effects. Republicans are committed to
winning the War on Terror and will continue to implement policies
that promote jobs, investment, and growth in every region of the
country and every sector of our economy.
- Let us be clear:
If government is to meet the most pressing needs of our time and
still maintain fiscal discipline, government leaders must set
priorities and stick with them. President Bush has shown genuine
leadership in doing just that. Time and again, he has made difficult
decisions and followed through with clear determination. He has made
it plain that his top budgetary priority is to protect America and
win the War on Terror. He also remains committed to the education
reforms he spearheaded in 2001. All discretionary spending must be
kept in check and taxes must remain low to stimulate economic
growth.
- We endorse the
President's pro-growth economic policies and his disciplined
approach to spending taxpayers' dollars. And we applaud the efforts
of President Bush and Republicans in Congress to meet our nation's
priorities and
cut the deficit by more than half within five years.
- PAYGO
- Tax cuts and
spending are not the same. They do not have the same effect on the
economy or on the federal budget. Tax cuts allow American workers,
families, business owners, and investors to keep more of their own
money. New spending requires the government to take control of a
bigger slice of the economy. We recognize that the problem is not
that the American people are taxed too little but that the federal
government spends too much. To ensure that the federal government
respects the burdens on taxpayers and spends only as much as is
necessary to accomplish our common goals, we support extending the
pay-as-you-go requirement for mandatory spending only.
- Limiting Spending
Growth
- Spending limits
will help Congress restrain the growth of government. We support a
cap on discretionary spending that will limit the growth of overall
spending while ensuring that priorities such as our nation's
security will continue to be met. We applaud President Bush for
submitting a budget for 2005 that provides significant increases in
funding to win the War on Terror and protect the homeland, while
limiting the growth in all other non-security related discretionary
spending to less than one percent.
- Line-Item Veto
- To further the
goal of respecting taxpayers' dollars and restraining spending, we
endorse the creation of a line-item veto, which the President could
use consistent with the Constitution to reject new appropriations,
new mandatory spending, or limited grants of tax benefits (to 100 or
fewer beneficiaries) whenever he determines the spending or tax
benefits are not essential priorities. Under this approach, all
savings from the line-item veto would be used for deficit reduction,
and could not be applied to other spending. Governors across the
nation already have and use this tool to reduce unnecessary
spending. The President should have the same option.
- Sunset Commission
- Government
programs are designed with specific purposes, and they ought to be
assessed to determine whether they are meeting their goals. We
endorse creating a commission to evaluate discretionary spending on
federal agencies and programs to ensure that taxpayer funds are
being used for the best, most efficient purposes. Such a commission
would determine whether certain programs are duplicative, wasteful
or inefficient, outdated or irrelevant, or failed. It would
recommend to Congress programs that could be terminated, moved, or
restructured to make the government more efficient.
-
Republican Fiscal
Responsibility Values
Administrative Policy Initiatives
Republican Sponsored Legislature
- 1996-04-09
— Line Item Veto Act, Pub.L. 104-130, 110 Stat. 1200
- August 5, 1997 —
Balanced Budget Act of 1997, Pub.L. 105-33, 111 Stat. 251
- 2002-12-17
— E-Government Act of 2002, Pub.L. 107-347, 116 Stat. 2899
- 2006-09-26
— Federal Funding Accountability and Transparency Act of 2006, Pub.L.
109-282, 120 Stat. 1186
- 2007-09-14
— Honest Leadership and Open Government Act, Pub.L. 110-81, 121 Stat. 735
Judicial Cases
Advocacy Organizations
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