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Author: James Savage Publisher: Cornell University Press ISBN: 1501746227 Category : Political Science Languages : en Pages : 369
Book Description
A topical issue but hardly a new one, the concern for balancing the federal budget has been a perennial source of conflict in American political life. In Balanced Budgets and American Politics, James Savage explores the causes and development of the nation's preoccupation with this issue. Savage argues that the American fascination with the idea of balancing the federal budget is deeply rooted and reflects more than a contemporary concern about interest rates, inflation, or even the outcome of recent budget battles. His analysis demonstrates the considerable influence that the principle budget balancing has had on politics and public policy from 1690 through Ronald Reagan's first term as president.
Author: James Savage Publisher: Cornell University Press ISBN: 1501746227 Category : Political Science Languages : en Pages : 369
Book Description
A topical issue but hardly a new one, the concern for balancing the federal budget has been a perennial source of conflict in American political life. In Balanced Budgets and American Politics, James Savage explores the causes and development of the nation's preoccupation with this issue. Savage argues that the American fascination with the idea of balancing the federal budget is deeply rooted and reflects more than a contemporary concern about interest rates, inflation, or even the outcome of recent budget battles. His analysis demonstrates the considerable influence that the principle budget balancing has had on politics and public policy from 1690 through Ronald Reagan's first term as president.
Author: Alice M. Rivlin Publisher: Rowman & Littlefield ISBN: 9780815796398 Category : Business & Economics Languages : en Pages : 142
Book Description
The United States is standing at a critical juncture in its fiscal outlook. After experiencing a brief period of budget surpluses at the turn of the century, the federal government will run deficits that add about $4 trillion to the national debt over the next decade. Substantial deficits will likely continue long into the future because the looming retirement of the baby boom generation will raise spending in Social Security, Medicare, and Medicaid. At the same time, the federal government appears to be neglecting spending in key areas of social and economic policy. The nation thus faces a vital choice: continue down a path toward future fiscal crisis while under investing in critical areas, or increase resources in high-priority areas while also reducing the overall budget deficit. This choice will materially affect Americans' economic status and security in the immediate future as well as over long horizons. In R estoring Fiscal Sanity, a group of Brookings scholars with high-level government experience provide an overview of the country's likely medium- and long-term spending needs and the resources available to pay for them. They propose three alternative fiscal paths that are more responsible than the current path. One plan emphasizes spending cuts, the second emphasizes revenue increases, and a third is a balanced mix between the two. The contributors address the policy choices in such areas as defense, homeland security, international assistance, and programs targeted to the less advantaged, the elderly, and other domestic priorities. In the process, they provide an understanding of the short- and long-run trade offs and illustrate how the budget can be reshaped to achieve high priority objectives in a fiscally responsible way.
Author: Daniel Shaviro Publisher: University of Chicago Press ISBN: 9780226751122 Category : Business & Economics Languages : en Pages : 362
Book Description
Do deficits matter? Yes and no, says Daniel Shaviro in this political and economic study. Yes, because fiscal policy affects generational distribution, national saving, and the level of government spending. And no, because the deficit is an inaccurate measure with little economic content. This book provides an invaluable guide for anyone wanting to know exactly what is at stake for Americans in this ongoing debate. "[An] excellent, comprehensive, and illuminating book. Its analysis, deftly integrating considerations of economics, law, politics, and philosophy, brings the issues of 'balanced budgets,' national saving, and intergenerational equity out of the area of religious crusades and into an arena of reason. . . . A magnificent, judicious, and balanced treatment. It should be read and studied not just by specialists in fiscal policy but by all those in the economic and political community."—Robert Eisner, Journal of Economic Literature "Shaviro's history, economics, and political analysis are right on the mark. For all readers."—Library Journal
Author: Dennis S. Ippolito Publisher: Penn State Press ISBN: 0271078006 Category : Political Science Languages : en Pages : 346
Book Description
When the first edition of Why Budgets Matter was published in 2003, the federal budget had fallen back into deficit. At the time, fairly modest changes in taxes and spending would have ensured that deficits and debt would remain at tolerable levels. Instead, the disconnect between taxes and spending that had plagued the United States since the 1960s grew even greater. A near-catastrophic economic collapse beginning in December 2007 then magnified the fiscal consequences of irresponsible policy choices. This new edition examines how and why the balanced-budget equilibrium of the 1990s was destabilized in the 2000s. It also places this latest partisan battle over the size of government in historical perspective by exploring its connection to earlier budget policy eras.
Author: David Wessel Publisher: Crown Pub ISBN: 0770436145 Category : Business & Economics Languages : en Pages : 210
Book Description
Presents a narrative analysis of the federal budget that reveals how funds were actually spent in 2011, evaluating the roles of such contributors as Jacob Lew, Douglas Elmendorf, and Pete Peterson.
Author: Allen Schick Publisher: Brookings Institution Press ISBN: 0815777329 Category : Business & Economics Languages : en Pages : 362
Book Description
The federal budget impacts American policies both at home and abroad, and recent concern over the exploding budgetary deficit has experts calling our nation's policies "unsustainable" and "system-dooming." As the deficit continues to grow, will America be fully able to fund its priorities, such as an effective military and looking after its aging population? In this third edition of his classic book The Federal Budget, Allen Schick examines how surpluses projected during the final years of the Clinton presidency turned into oversized deficits under George W. Bush. In his detailed analysis of the politics and practices surrounding the federal budget, Schick addresses issues such as the collapse of the congressional budgetary process and the threat posed by the termination of discretionary spending caps. This edition updates and expands his assessment of the long-term budgetary outlook, and it concludes with a look at how the nation's deficit will affect America now and in the future. "A clear explanation of the federal budget... [Allen Schick] has captured the politics of federal budgeting from the original lofty goals to the stark realities of today."—Pete V. Domenici, U.S. Senate
Author: James Savage
Author: James Savage
Author: James D. Savage
Author: Alice M. Rivlin
Author: 
Author: Daniel Shaviro
Author: Dennis S. Ippolito
Author: James D. Savage
Author: David Wessel
Author: Allen Schick
Author: James D. Savage