“[There is] spending going under the table through the tax-credit system,” Bilmes said, attributing the problem to Congress’s propensity to avoid spending increases.
She also argued that the system of annual re-allocation was unnecessary and that less frequent budgeting was more preferable.
—Staff writer Steven R. Watros can be reached at steven.watros@thecrimson.com. Follow him on Twitter @SteveWatros.
The caption of the photo accompanying this article has been revised to reflect the following correction:
CORRECTION: Oct. 3, 2013
An earlier version of the caption of the photo accompanying this article incorrectly identified an event panelist as a moderator. In fact, the speaker on the left is Kennedy School lecturer Linda J. Bilmes ’80, not former Washington Post national political editor Maralee Schwartz.