Federal Budget
While The Board would not control the national budget directly, it can still play a significant role in influencing fiscal policy and increasing the budget's effectiveness. Here are some powers that could align with The Board's proposed functions and objectives with respect to the national budget:
Budgetary Recommendations
The Board could have the authority to analyze the budget and make non-binding recommendations to Congress on fiscal policy adjustments to promote economic stability, growth, and efficiency.
Economic Forecasting and Analysis
With access to extensive data and economic insights, The Board could provide advanced forecasting and analysis to help guide budgetary decisions made by Congress and the Executive branch.
Fiscal Impact Assessment
Before implementing major fiscal changes or new policies, Congress could require The Board to conduct impact assessments that estimate the effects on competition, market health, and long-term economic growth.
Monitoring and Reporting
- The Board might be tasked with monitoring fiscal outcomes of budgetary allocations and reporting on whether they align with national economic objectives and legislative intent.
- Regular fiscal reports from The Board could inform lawmakers about the real-time impact of budgetary decisions and necessitate adjustments in future budgets.
National Dividend Oversight
As the administrator of the National Dividend program, The Board could have the power to determine when and how budget surpluses are returned to citizens as dividends while ensuring the fiscal accountability of such distributions.
Transparency and Public Engagement
The Board could have a role in enhancing the transparency of the budgetary process, including fostering public understanding and discussion about fiscal policies and their implications.
These powers would allow The Board to provide informed oversight and contribute to fiscal decision-making without encroaching on the existing budgetary responsibilities of Congress and the Executive branch. This would uphold the principle of checks and balances and respect for the separation of powers in the U.S. governmental system.