Deficit Politics In The United States

Author : DENNIS S. IPPOLITO
Publisher : Routledge
Page : 224 pages
File Size : 40,9 Mb
Release : 2022-02-23
Category : Electronic
ISBN : 0367765063

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Deficit Politics in the United States by DENNIS S. IPPOLITO Pdf

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.

Author : Dennis S Ippolito
Publisher : Routledge
Page : 214 pages
File Size : 49,5 Mb
Release : 2022-02-22
Category : Political Science
ISBN : 9781000538991

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Deficit Politics in the United States by Dennis S Ippolito Pdf

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.

Author : Henry A. Giroux
Publisher : NYU Press
Page : 239 pages
File Size : 47,9 Mb
Release : 2013
Category : Family & Relationships
ISBN : 9781583673478

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

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.

Author : Donald F. Kettl
Publisher : Longman Publishing Group
Page : 212 pages
File Size : 48,9 Mb
Release : 2003
Category : Business & Economics
ISBN : STANFORD:36105114302230

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Deficit Politics by Donald F. Kettl Pdf

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?).

Author : Kenneth W. Thompson
Publisher : Miller Center on the Budget Deficit and the National Debt
Page : 0 pages
File Size : 40,9 Mb
Release : 1997
Category : Business & Economics
ISBN : 0761807101

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The Budget Deficit and the National Debt by Kenneth W. Thompson Pdf

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.

Author : Patti Tamara Lenard,Richard Simeon
Publisher : UBC Press
Page : 361 pages
File Size : 42,6 Mb
Release : 2012-10-01
Category : Political Science
ISBN : 9780774823784

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Imperfect Democracies by Patti Tamara Lenard,Richard Simeon Pdf

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.

Author : Daniel Shaviro
Publisher : University of Chicago Press
Page : 362 pages
File Size : 51,7 Mb
Release : 1997-05
Category : Business & Economics
ISBN : 0226751120

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Do Deficits Matter? by Daniel Shaviro Pdf

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 : Stephanie Kelton
Publisher : PublicAffairs
Page : 311 pages
File Size : 47,7 Mb
Release : 2020-06-09
Category : Business & Economics
ISBN : 9781541736207

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The Deficit Myth by Stephanie Kelton Pdf

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.

Author : Roland Sturm,Markus M. Müller
Publisher : Addison Wesley Publishing Company
Page : 156 pages
File Size : 54,7 Mb
Release : 1999
Category : Business & Economics
ISBN : UOM:39015047501831

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Public Deficits by Roland Sturm,Markus M. Müller Pdf

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.

Author : Marc Allen Eisner
Publisher : Unknown
Page : 0 pages
File Size : 41,6 Mb
Release : 2023
Category : Budget deficits
ISBN : 1003395333

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Deficits, Debt, and American Politics by Marc Allen Eisner Pdf

"For most of the nation's history, periods of growing indebtedness in the United States-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 reform 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"--

Author : Gary R. Evans
Publisher : Morgan Kaufmann
Page : 328 pages
File Size : 54,6 Mb
Release : 1997
Category : Budget
ISBN : UCSC:32106014784737

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Red Ink by Gary R. Evans Pdf

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.

Author : Patti Tamara Lenard,Richard Simeon
Publisher : UBC Press
Page : 362 pages
File Size : 46,5 Mb
Release : 2012-10-05
Category : Political Science
ISBN : 9780774823791

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Imperfect Democracies by Patti Tamara Lenard,Richard Simeon Pdf

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 and contrast the democratic deficit in the two nations. Blending normative theory and empirical analysis, they focus on three key questions: Why talk about a democratic deficit? In what ways are Canadian and American democracies falling short? What can be done to remedy the deficit? 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.

Author : Arthur Benavie
Publisher : Praeger
Page : 176 pages
File Size : 42,7 Mb
Release : 1998-09-30
Category : Business & Economics
ISBN : UCSC:32106014042359

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Deficit Hysteria by Arthur Benavie Pdf

The political consensus in the United States today is that the nation must avoid deficit spending. But as virtuous and unassailable as that goal sounds, it has fallacies and dangers. In a lucid, nontechnical writing style, Benavie shows that deficits can be either good or bad and explains how to tell the difference. Deficits, or government borrowing, can be beneficial to the nation's economic health, he shows, in three main ways. When the economy slumps, a deficit is automatically created and helps to reduce the severity of the recession. When the economy is seriously depressed, boosting the deficit may be the only cure, and deficits supporting such investments as basic research, cleaning up toxic waste, and rebuilding inner cities are crucial to the economic health of future generations. Preventing such borrowing would be comparable to preventing one's family from borrowing money to buy a house or to put a child through college.

Author : Allen Schick
Publisher : Brookings Institution Press
Page : 362 pages
File Size : 48,9 Mb
Release : 2008-05-31
Category : Business & Economics
ISBN : 9780815777328

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The Federal Budget by Allen Schick Pdf

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 : Anonim
Publisher : Unknown
Page : 310 pages
File Size : 49,5 Mb
Release : 1987
Category : Budget deficits
ISBN : IND:30000097148922

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Reducing the Deficit, Spending and Revenue Options by Anonim Pdf