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

Paperback | February 1, 2016

byDennis 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.

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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 s...

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

other books by Dennis S. Ippolito

Deficits, Debt, and the New Politics of Tax Policy
Deficits, Debt, and the New Politics of Tax Policy

Kobo ebook|Nov 12 2012

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Format:PaperbackDimensions:368 pages, 9 × 6 × 0.82 inPublished:February 1, 2016Publisher:Penn State University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0271071133

ISBN - 13:9780271071138

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Extra Content

Table of Contents

Contents

List of Figures and Tables

Preface

Chapter One Perspectives on Budget Policy

Chapter Two The "Small Government" Era (1789–1860)

Chapter Three Budgeting for Government Growth (1860–1915)

Chapter Four The Transition to Modern Government (1915–1940)

Chapter Five War and Defense Budgets (1940–1970)

Chapter Six Social Welfare Budgets and Deficits (1970–1990)

Chapter Seven Reconciliation and Balanced Budgets (1990-2001)

Chapter Eight Destabilizing Budget Policy (2001– )

Selected Bibliography

Index

Editorial Reviews

“This book is without doubt the best analysis yet written of federal budgeting from the late eighteenth century to the present. . . . The subject matter of this splendid book should therefore be of immense interest to students of political history and public policy.”

—Iwan Morgan, Journal of American History, on the first edition