BUDGET
COMMITTEE


Proposed Agenda Item (I)

'Protectionism Versus Free Trade - Does America First Also Mean America Alone?'

The trade war is on, hitting China as well as America's closest allies. Will it achieve its goals of protecting US steel and aluminium production or rather cost billions due to artificially swelled prices and inefficiencies resulting from distorted markets? And what will happen if this spirals out of control?

Are these industries really so essential to undergo such risks? More fundamentally, could protectionism be more beneficial than free trade under certain circumstances? What implications does this have for large trading blocs such as NAFTA or initiatives such as the TPP?

With the U.S. National Debt growing beyond 20,000,000,000,000 USD, basically doubling over the past decade, it is this Committee's utmost duty to support sound economic policies and stop possibly disastrous experiments. This is directly linked with the agenda of the Foreign Affairs Committee, Education and the Workforce Committee, and the Joint Economic Committee.

(Briefing Papers Available Soon)

Proposed Agenda Item (II)

'Diplomats Versus Bullets - Reallocation of National Resources and Interests'

In Trump's 'Building A Better America' budget proposal, the funding for the U.S. Foreign Service and USAID is severely limited, despite the very fact they comprise only a marginal fraction of the total government spending. On the other hand, the military and the border security enjoy hefty top-ups.

As Congress has the power of the purse, this Committee stands before a historic decision whether to continue America's current engagements overseas or maneuver into a new era of isolationism.

This is closely tied with the agenda of the Foreign Affairs Commitee, which discusses the extent and nature of America's engagements, as well as the Joint Economic Committee, focusing on America's energy security and environmental protection.

(Briefing Papers Available Soon)

RULES & RESOURCES

Visit our Rules & Resources site to find out more about Research Resources as well as PMC's Rules of Procedure, Roles, and Awards. Specific recommended research materials follow:

U.S. House of Representatives

Budget Committee

Budget Committee's Latest Charts and Graphs

FY 2018 Budget 'Building A Better America'

HEARING: THE PRESIDENT’S FISCAL YEAR 2018 BUDGET

Peace Action - Pentagon Spending: Move the Money

Bloomberg - China Prepared for a Long Trade War

Reuters - G7 Summit

Full Davos panel on Trump’s ‘America First’ foreign policy

(More Coming)