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Efforts to balance the budget or address shortfalls should remain the purview of the legislative branch. They should be fully negotiated by elected officials.
Policymakers should provide for transparency and honesty in the budget process.
Budget gimmicks to make legislation appear as if it has been adequately offset should not be used.
Governments should avoid enacting laws that are inconsistent with U.S. Supreme Court precedent on takings.
A variety of criteria should be used when evaluating proposals to stimulate the economy:
Relief packages for people facing hardships due to economic downturns should be temporary and well-targeted. Preference should be given to measures that also would stimulate economic activity.
Modifications to retirement plans or plan formulas should hold harmless current beneficiaries and employees. They should also ensure the retirement security needs of future retirees.
States should establish state-facilitated savings arrangements that will increase employee participation in retirement plans.
Policymakers should encourage measures to increase individuals’ ability to save for retirement.