If the president vetoed the JBR, the process would revert back to what is in place today under the Budget Act.
If, however, the president agreed to the JBR and signed it into law, the budget framework contained within it would have the force of law, and both branches would be bound by it.
A JBR covering the full budget would have the capacity to adjust the caps on discretionary spending, impose discipline on mandatory spending, and provide a target for revenues.
Although ideally a JBR should cover all aspects of federal budget policy, it would be possible to start with an interim step of adjustments just to the discretionary caps.
The JBR concept works only if a sensible enforcement system is attached to it.
While a JBR with sensible enforcement would be a significant improvement over the current process, it will not, by itself, solve the problem of inattention to the long term.
(21.) Pe Maung Tin, 'Women in the Inscriptions of Pagan,' JBRS, 25, 3 (1935): 151; Epigraphia Birmanica, ed.
Luce, 'The Jatakas at Pagan, JBRS, 58, 2 (1975): 231 - 3.
Luce and Pe Maung Tin, 'The Shwegyugi Pagoda Inscription, Pagan, 1141 AD', JBRS, 10 : 67-74).