Deficit Politics in the United States

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Author :
Publisher : Routledge
ISBN 13 : 1000538990
Total Pages : 214 pages
Book Rating : 4.0/5 (5 download)

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Book Synopsis Deficit Politics in the United States by : Dennis Ippolito

Download or read book Deficit Politics in the United States written by Dennis Ippolito and published by Routledge. This book was released on 2022-02-22 with total page 214 pages. Available in PDF, EPUB and Kindle. Book excerpt: From the clashes between Federalists and Republicans in the 1790s until today, partisan battles over taxing, spending, and public debt have shaped American political development. These battles were formerly constrained by fiscal norms that mandated balanced budgets and low debt. In his Farewell Address, President George Washington counseled the nation to "cherish public credit" by using "it as sparingly as possible". In the 1980s, however, tax cuts and spending increases created large structural deficits and much higher debt levels. With only a brief interruption in the late 1990s, deficit politics has been a mainstay ever since. Over this period, the Republican Party has passed large tax cuts but failed to retrench the large entitlement programs that continue to raise spending. Likewise, the Democratic Party has expanded the domestic role of government but has abandoned the broad-based taxation it supported in the 1990s. Funding their domestic agenda with matching revenues is now as unappealing for Democrats as entitlement cutbacks are for Republicans, contributing to the current stalemate of Republican tax policy, Democratic spending policy, and soaring deficits and debt. The economic risks this entails are serious, yet an end to the era of deficit politics is nowhere in sight.

Deficit Politics in the United States

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Author :
Publisher : Routledge
ISBN 13 : 9780367765064
Total Pages : 224 pages
Book Rating : 4.7/5 (65 download)

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Book Synopsis Deficit Politics in the United States by : DENNIS S. IPPOLITO

Download or read book Deficit Politics in the United States written by DENNIS S. IPPOLITO and published by Routledge. This book was released on 2022-02-23 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: From the clashes between Federalists and Republicans in the 1790s until today, partisan battles over taxing, spending, and public debt have shaped American political development. These battles were formerly constrained by fiscal norms that mandated balanced budgets and low debt. In his Farewell Address, President George Washington counseled the nation to cherish public credit by using it as sparingly as possible. In the 1980s, however, tax cuts and spending increases created large structural deficits and much higher debt levels. With only a brief interruption in the late 1990s, deficit politics has been a mainstay ever since. Over this period, the Republican Party has passed large tax cuts but failed to retrench the large entitlement programs that continue to raise spending. Likewise, the Democratic Party has expanded the domestic role of government but has abandoned the broad-based taxation it supported in the 1990s. Funding their domestic agenda with matching revenues is now as unappealing for Democrats as entitlement cutbacks are for Republicans, contributing to the current stalemate of Republican tax policy, Democratic spending policy, and soaring deficits and debt. The economic risks this entails are serious, yet an end to the era of deficit politics is nowhere in sight.

Deficit Politics

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Author :
Publisher : Longman Publishing Group
ISBN 13 :
Total Pages : 212 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Deficit Politics by : Donald F. Kettl

Download or read book Deficit Politics written by Donald F. Kettl and published by Longman Publishing Group. This book was released on 2003 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Second Edition of Kettl's landmark work on public budgeting has been completely updated and is now part of the "Longman Classics in Political Science" series. Deficit Politics, as part of the Longman Classics series, features a new Foreword by Ross K. Baker of Rutgers University. The rest of the text has been completely updated. Like the original, the Second Edition puts deficit politics at the center of our political system and explores the politics of public budgeting with special attention to its historical roots (what are the traditional battles over budgeting?), economic impact (how do budgets steer the economy?), and the role of political institutions (how do presidents and members of Congress, in particular, resolve the political tradeoffs that lie at the core of budgetary policy?).

Red Ink

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Author :
Publisher : Morgan Kaufmann
ISBN 13 :
Total Pages : 328 pages
Book Rating : 4.:/5 (321 download)

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Book Synopsis Red Ink by : Gary R. Evans

Download or read book Red Ink written by Gary R. Evans and published by Morgan Kaufmann. This book was released on 1997 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: Discussions and conversations about the U.S. federal budget are commonplace, filling living rooms, coffee shops, and talk radio. "Red Ink" offers an insightful, non-partisan explanation of the budget as a political document. The book examines the budget as well as discussing the current structure of the federal government.

The Budget Deficit and the National Debt

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Publisher :
ISBN 13 :
Total Pages : 200 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis The Budget Deficit and the National Debt by : Kenneth W. Thompson

Download or read book The Budget Deficit and the National Debt written by Kenneth W. Thompson and published by . This book was released on 1997 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Budget Deficit and National Debt analyzes and attempts to better understand the problems associated with the debt and deficit. The theme of this book parallels the Miller Center's primary focus on governance and the presidency. The president is a key actor in submitting, approving, and administrating the budget. Therefore, the study of debt and deficit is in keeping with the Miller Center's focus on governance and the presidency. The book is divided into four sections. The first section discusses the debt and deficit from a variety of political perspectives and ideological approaches. Three contributors, representing different schools of thought and professional backgrounds, provide separate frameworks for considering the budget and deficit. The first section contrasts liberal, conservative, and independent views and compares the effects of the deficit on federal and local governments. The second section provides an overview of the origins and growth of the deficit and its effect on the U.S. economy. The authors outline interaction among and competition between economic and political forces operating in the United States, and they debate the merits of deficit reduction proposals. The third section examines the economic and political ramifications of the deficit, reviewing tactical and strategic errors and their consequences. The book concludes with a discussion of the political struggle over controlling the deficit and chronicles the ambitions and rivalries of two key political figures--Bill Clinton and Newt Gingrich. Their dispute over the seven year balanced-budget plan had significant influence on the policies of debt and deficit.

Deficits, Debt, and American Politics

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Author :
Publisher : Taylor & Francis
ISBN 13 : 1000883752
Total Pages : 263 pages
Book Rating : 4.0/5 (8 download)

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Book Synopsis Deficits, Debt, and American Politics by : Marc Allen Eisner

Download or read book Deficits, Debt, and American Politics written by Marc Allen Eisner and published by Taylor & Francis. This book was released on 2023-05-31 with total page 263 pages. Available in PDF, EPUB and Kindle. Book excerpt: "For most of the history of the United States, periods of growing indebtedness—a product of wars and economic crises—were followed by reductions in the debt-to-GDP ratio." But why have the last several decades failed to follow this pattern, leaving the national debt at its highest level since World War II? In this groundbreaking new book, author Marc Allen Eisner, who has devoted most of his scholarly career to studying the evolution of the US political economy, explores the significant changes in the fiscal conditions of the United States during the postwar period, embedding the discussion in a broader historical context. He demonstrates that the national debt is in part a product of reduced revenues and the growing costs of the largest entitlement programs, but it also reflects a long series of shocks, including two wars, the financial crisis and Great Recession, and the COVID-19 pandemic. Deficits, Debt, and American Politics chronicles the history of the US debt in the postwar period, placed in the context of broader changes in the political economy and partisan politics. But it grounds this exploration in reader-friendly, chapter-length discussions of public finance, taxation, mandatory spending, and the budgetary process from a policy perspective. The volume concludes with a discussion of the challenges of comprehensive tax and program reforms in the current political climate. Deficits, Debt, and American Politics assumes little prior knowledge on the part of the reader, making it an ideal book for courses on public policy and political economy taught at both the upper-level undergraduate and graduate level. The material on public finance, long-term trends in taxation and spending, and the budgetary process, often relegated to descriptive texts, will be invaluable in courses engaging the deficit and debt.

America's Education Deficit and the War on Youth: Reform Beyond Electoral Politics

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Author :
Publisher : NYU Press
ISBN 13 : 1583673474
Total Pages : 239 pages
Book Rating : 4.5/5 (836 download)

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Book Synopsis America's Education Deficit and the War on Youth: Reform Beyond Electoral Politics by : Henry A. Giroux

Download or read book America's Education Deficit and the War on Youth: Reform Beyond Electoral Politics written by Henry A. Giroux and published by NYU Press. This book was released on 2013 with total page 239 pages. Available in PDF, EPUB and Kindle. Book excerpt: America's latest war, according to renowned social critic Henry Giroux, is a war on youth. While this may seem counterintuitive in our youth-obsessed culture, Giroux lays bare the grim reality of how our educational, social, and economic institutions continually fail young people. Their systemic failure is the result of what Giroux identifies as ""four fundamentalisms"": market deregulation, patriotic and religious fervor, the instrumentalization of education, and the militarization of society. We see the consequences most plainly in the decaying education system: schools are increasingly desi.

The People's Money

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Publisher : Simon and Schuster
ISBN 13 : 1451666128
Total Pages : 290 pages
Book Rating : 4.4/5 (516 download)

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Book Synopsis The People's Money by : Scott Rasmussen

Download or read book The People's Money written by Scott Rasmussen and published by Simon and Schuster. This book was released on 2012-01-31 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: When it comes to the economy, American voters can no longer count on the Political Class. We are the ones who truly want progress, and—despite what politicians would lead us to believe—we are the only ones willing to make the difficult but necessary changes that willrestore our country’s fiscal sanity. For years, Americans have elected candidates who promise to reduce spending. Yet spending has steadily increased for more than half a century. For just as long, politicians have blamed voters, claiming a lack of public support for the necessary cuts to reduce the budget deficit. On the contrary, evidence suggests that voters are far more willing than politicians to make the compromises to eliminate this massive burden from future generations. Now, influential political analyst Scott Rasmussen, one of the most recognized public opinion pollsters in America, proves that our politicians are intentionally perpetrating a flat-out lie about their short-sighted and destructive economic choices and our hard-earned money. In The People’s Money, Rasmussen explores clear-headed, responsible, and reasonable ways to eliminate a deficit that is much larger than politicians would have us believe—$123 trillion and counting—all with the vast support of the American people. This is Rasmussen on: ·The bailouts—the cause and effects, and the catalyst that fueled the current era of discontent ·National defense—and the $100 billion annual cost that could be erased today with absolutely no threat to security ·Social security—and a plan that could not only reduce spending by trillions of dollars but offer a more satisfying plan for retirees ·Tax burdens—and the truth behind the changes Americans are willing to make for the sake of their country ·Government payroll—and the commonsense cuts that are necessary ·Health care—and why the current plans, from both Republicans and Democrats, are financially unhealthy Drawing on a comprehensive review of history, revelatory budgetary documents, and enlightening public opinion polls, Rasmussen lays out a step-by-step budget that could wipe out trillions from the national debt. It’s his job to call on the American people for their opinion. Resoundingly, they have called back with a collective voice that is at once hopeful, frustrated, honest, and angry. If only the American Political Class would listen. Until then, The People’s Money is a call to arms for the people to be heard, an ultimatum for a grossly out-of-touch American political system, and one of the most provocative, important, informed, and yet hopeful books on the economic state of the country yet written.

The Deficit Myth

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Author :
Publisher : PublicAffairs
ISBN 13 : 1541736206
Total Pages : 311 pages
Book Rating : 4.5/5 (417 download)

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Book Synopsis The Deficit Myth by : Stephanie Kelton

Download or read book The Deficit Myth written by Stephanie Kelton and published by PublicAffairs. This book was released on 2020-06-09 with total page 311 pages. Available in PDF, EPUB and Kindle. Book excerpt: A New York Times Bestseller The leading thinker and most visible public advocate of modern monetary theory -- the freshest and most important idea about economics in decades -- delivers a radically different, bold, new understanding for how to build a just and prosperous society. Stephanie Kelton's brilliant exploration of modern monetary theory (MMT) dramatically changes our understanding of how we can best deal with crucial issues ranging from poverty and inequality to creating jobs, expanding health care coverage, climate change, and building resilient infrastructure. Any ambitious proposal, however, inevitably runs into the buzz saw of how to find the money to pay for it, rooted in myths about deficits that are hobbling us as a country. Kelton busts through the myths that prevent us from taking action: that the federal government should budget like a household, that deficits will harm the next generation, crowd out private investment, and undermine long-term growth, and that entitlements are propelling us toward a grave fiscal crisis. MMT, as Kelton shows, shifts the terrain from narrow budgetary questions to one of broader economic and social benefits. With its important new ways of understanding money, taxes, and the critical role of deficit spending, MMT redefines how to responsibly use our resources so that we can maximize our potential as a society. MMT gives us the power to imagine a new politics and a new economy and move from a narrative of scarcity to one of opportunity.

Do Deficits Matter?

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Publisher : University of Chicago Press
ISBN 13 : 9780226751122
Total Pages : 362 pages
Book Rating : 4.7/5 (511 download)

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Book Synopsis Do Deficits Matter? by : Daniel Shaviro

Download or read book Do Deficits Matter? written by Daniel Shaviro and published by University of Chicago Press. This book was released on 1997-05 with total page 362 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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

Reducing the Deficit, Spending and Revenue Options

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Author :
Publisher :
ISBN 13 :
Total Pages : 380 pages
Book Rating : 4.:/5 ( download)

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Book Synopsis Reducing the Deficit, Spending and Revenue Options by :

Download or read book Reducing the Deficit, Spending and Revenue Options written by and published by . This book was released on 1983 with total page 380 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Why Budgets Matter

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Author :
Publisher : Penn State Press
ISBN 13 : 0271078006
Total Pages : 346 pages
Book Rating : 4.2/5 (71 download)

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Book Synopsis Why Budgets Matter by : Dennis S. Ippolito

Download or read book Why Budgets Matter written by Dennis S. Ippolito and published by Penn State Press. This book was released on 2016-06-07 with total page 346 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

The Federal Deficit

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Publisher :
ISBN 13 :
Total Pages : 80 pages
Book Rating : 4.3/5 (121 download)

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Book Synopsis The Federal Deficit by : United States. Congressional Budget Office

Download or read book The Federal Deficit written by United States. Congressional Budget Office and published by . This book was released on 1990 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Imperfect Democracies

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Publisher : UBC Press
ISBN 13 : 077482378X
Total Pages : 361 pages
Book Rating : 4.7/5 (748 download)

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Book Synopsis Imperfect Democracies by : Patti Tamara Lenard

Download or read book Imperfect Democracies written by Patti Tamara Lenard and published by UBC Press. This book was released on 2012-10-01 with total page 361 pages. Available in PDF, EPUB and Kindle. Book excerpt: Canada and the United States are consistently ranked among the most democratic countries in the world, yet voices expressing concern about the quality of these democracies are becoming louder and more insistent. Critics maintain that the two countries suffer from a “democratic deficit,” a deficit that raises profound questions about the legitimacy and effectiveness of their democratic institutions. Imperfect Democracies brings together Canadian and American scholars to compare how the democratic deficit plays out in the two nations. An important contribution to the field of democratic theory and the study of democratic institutions, this timely book will spark debate on both sides of the border.

Public Deficits

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Author :
Publisher : Addison Wesley Publishing Company
ISBN 13 :
Total Pages : 156 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Public Deficits by : Roland Sturm

Download or read book Public Deficits written by Roland Sturm and published by Addison Wesley Publishing Company. This book was released on 1999 with total page 156 pages. Available in PDF, EPUB and Kindle. Book excerpt: A detailed study follows, of the experience of Britain, Canada, Germany and the United States. Consideration of the same issues in each help the comparison: the history of the deficit problem; the institutional framework for decisions on the deficit; the importance of the debt problem in the national political and economic discourse; and the effects of deficit control policies. The concluding chapter is an in-depth comparison of the four countries and puts the problem of public deficits into a political science perspective.

Options for Reducing the Deficit

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Author :
Publisher : Government Printing Office
ISBN 13 : 9780160936043
Total Pages : 320 pages
Book Rating : 4.9/5 (36 download)

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Book Synopsis Options for Reducing the Deficit by : Congress, Congressional Budget Office

Download or read book Options for Reducing the Deficit written by Congress, Congressional Budget Office and published by Government Printing Office. This book was released on 2016 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume presents 115 options that would decrease federal spending or increase federal revenues over the next decade. The federal budget deficit in fiscal year (FY) 2016 totaled $587 billion or 3.2 percent (%) of gross domestic product (GDP), up 2.5 percent (%) in year 2015. The options cover many areas ranging from defense to energy, Social Security and provisions of the tax code. This edition reports the estimated budgetary effects of various options and highlights some of the advantages and disadvantages of those options. Students pursuing research for economic coursework in high school, community college, and university levels may be interested in this vision presented by the Congressional Budget Office, Additionally, economists, federal budget analysts, political science scholars, financial planners, and lawmakers may be interested in this official resource. Related products: Other products produced by the U.S. Congressional Budget Office (CBO) are available here: https: //bookstore.gpo.gov/agency/237Economic Policy resources collection can be found here: https: //bookstore.gpo.gov/catalog/budget-economy/economic-policyEconomic Development publications are available here: https: //bookstore.gpo.gov/catalog/budget-economy/economic-development

Fixing the Moral Deficit

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Author :
Publisher : InterVarsity Press
ISBN 13 : 0830869735
Total Pages : 177 pages
Book Rating : 4.8/5 (38 download)

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Book Synopsis Fixing the Moral Deficit by : Ronald J. Sider

Download or read book Fixing the Moral Deficit written by Ronald J. Sider and published by InterVarsity Press. This book was released on 2012-03-23 with total page 177 pages. Available in PDF, EPUB and Kindle. Book excerpt: The national deficit is certainly a crisis. But alongside it a moral deficit is exploding as well. Some want to unjustly thrust the burden of the debt on our grandchildren. Others want to balance the budget on the backs of the poor. But both plans are morally bankrupt. There is a way--a realistic way, a moral way--to fix the deficit. We can break political gridlock with solutions that stand on a foundation of solid values and fair play. If you are tired of politics as usual that fails to operate as if people mattered, take heart in Ron Sider's balanced, practical approach. Consistent with deeply Christian principles, he offers a way forward that truly provides justice for all.