Why Budgets Matter: Budget Policy and American Politics; Revised and Updated Edition

Why Budgets Matter: Budget Policy and American Politics; Revised and Updated Edition

by Dennis S. Ippolito

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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.

Product Details

ISBN-13: 9780271078007
Publisher: Penn State University Press
Publication date: 11/27/2015
Sold by: Barnes & Noble
Format: NOOK Book
Pages: 368
File size: 16 MB
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About the Author

Dennis S. Ippolito is Eugene McElvaney Professor of Political Science and Chairman of the Department of Political Science at Southern Methodist University.

Table of Contents

List of Figures and Tables ix

Preface xiii

1 Perspectives on Budget Policy 1

2 The "Small Government" Era (1789-1860) 19

3 Budgeting for Government Growth (1860-1915) 59

4 The Transition to Modern Government (1915-1940) 97

5 War and Defense Budgets (1940-1970) 141

6 Social Welfare Budgets and Deficits (1970-1990) 183

7 Reconciliation and Balanced Budgets (1990-2001) 239

8 Destabilizing Budget Policy (2001-) 289

Selected Bibliography 333

Index 339

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