I am not sure I can explain baseline budgeting. Essentially, I think the way it works is that the budget automatically goes up by about 6 percent. Anything you reduce from that is called a cut around Washington. Everywhere else, in every coffee shop, in every family, at every business, when you actually increase spending in real terms from one year to the next, that is called an increase, but with the convoluted baseline budgeting that has been used around here, that is not the way it is.
Gilbert Gutknecht: “I am not sure I can explain baseline budgeting. Essentially, I think the way it works is that the budget automatically…”
Editor's note · Context
Discussing the complexities of baseline budgeting and its implications.
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