Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

Budget deficits

Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

Budget deficits --- Business planning --- Corporations --- Finance.

Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

Gilmour traces the development of the congressional budget process from its origin through the emergence of reconcilliation and Gramm-Rudman-Hollings. He shows how changes in process have brought about far-reaching shifts in congressional power, and explains why they have failed to control the explosion of budget deficits.Throughout the last decade budgetary issues have dominated the national political agenda as the deficit has skyrocketed to previously unimaginable levels. In this important book, John Gilmour traces the continuing quest of Congress over the last fifteen years to reform its budgeting system in the hope of producing better policy. He shows that the enactment of the Congressional Budget Act of 1974 and the introduction of the reconciliation procedure in 1980 have produced a budgetary system in which congressional majorities can get what they want, provided only that they can agree on a comprehensive budget policy. From his thorough analysis, Gilmour concludes that, while the reforms have not produced balanced budgets, they have eliminated procedural obstructions to the adoption of a coherent budget.New budget procedures have transformed the way Congress works. Before the reforms of 1974 and 1980, Congress had an extremely fragmented, disintegrated budgetary system in which the budget emerged almost haphazardly from the independent actions of numerous committees. Gilmour shows that reconciliation procedures in the budget process makes total revenue, total expenditures, and the size of the deficit matters of deliberate choice, consolidating decisionmaking to an extent unprecedented in the history of the modern Congress.Yet, despite the striking structural and procedural changes, and despite its highly majoritarian features, the budget process has failed to reduce dissatisfaction with congressional handling of money. Deficits have been larger, not smaller, and overall spending has gone up. Gilmour deftly shows that the massive budget deficits of the Reagan years were due primarily to the failure of the House, the Senate, and the President to agree on how to reduce spending or increase taxes enough to eliminate the deficit. Responsibility for budgetary failure, he argues, must rest with Congress and its inability to reach consensus, not on the new budget process, which, given what we can expect from procedural change, has been quite successful.

Budget --- United States --- Budget deficits --- HISTORY / United States / General.

Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

Budget deficits --- Mixed economy --- Unemployment --- Effect of inflation on

Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

Political time is counted, not in years, but in issues--the depression defined the political era of the 1930s just as the cold war did the 1950s and civil rights the 1960s. Today the federal budget looms as the dominant issue by which all others are considered and has become a concern which catalyzes debate again and again in our nation's capital. In this definitive new work, Joseph White and Aaron Wildavsky describe and analyze the struggles over taxing and spending from Carter's last year through the Reagan administration. The battle of the budget is largely about how we define the role of the government and its relationship to the people. It is a story of congressional horsetrading, partisan posturing, and technical tricks that affect billions of dollars. It is also a story of politicians operating within constraints set by both public opinion and political interpretation of economic reality. Though budgeting has always been important, its impact on the national agenda has grown dramatically in the last decades. Based on extensive interviews with participants and thorough use of documentary sources, this book both explains how budgeting works so the reader can see what is at stake in seemingly arcane disputes and locates budgeting within larger ideological trends in American society. It also explains the relationship of the budget to media, party and policy activists and explores the ways in which the deficit represents a crisis of self-confidence in the ability of our institutions, preeminently Congress and the presidency. Along the way, it provides a uniquely comprehensive account of the entire budget problem, exploring Gramm-Rudman, tax reform, and the continuing stalemate around this issue. 'The Deficit and the Public Interest' offers a wide-ranging "solution" to the deficit that encompasses several ideas: the authors demonstrate that institutions have performed better than their members and critics believe, and they contend that extreme solutions would li

Budget deficits --- Budget --- Government spending policy --- United States --- Political Science --- Law, Politics & Government --- Public Finance