The Path To Prosperity-Paul Ryan’s Proposal

Article I of the U.S. Constitution grants Congress the power to appropriate funds from the Treasury, pay the
obligations of and raise revenue for the federal government, and publish statements and accounts of all financial
transactions.
By law, Congress is also obligated to write a budget representing its plan to carry out these transactions in the
forthcoming fiscal years. While the President is required to propose his administration’s budget requests for
Congress’s consideration, Congress alone is responsible for writing the laws that raise revenues, appropriate
funds, and prioritize taxpayer dollars within an overall federal budget.