This paper looks at the 1967 President’s Commission on Budget Concepts and which concepts need to be re-visited by the Peterson-Pew Commission on Budget Reform.

In light of daunting economic challanges facing the nation, the Peter G. Peterson Foundation, The Pew Charitable Trusts, and the Committee for a Responsible Federal Budget have teamed up to build bipartisan support for a core set of budget reforms. The Commission will convene the nation's leading budget experts to make recommendations on how to best strengthen the federal budget process.