Much of what government does depends on money. From the nation's founding until today, conflicts over the powers to tax, spend, and borrow have been at the heart of American politics. Why Budgets Matter is a comprehensive account of how these conflicts over budget policy have shaped national politics by determining the size and role of the federal government. The history of budget policy provides a unique perspective on political change in the United States and helps explain how and why the federal government has grown over time. Dennis Ippolito reviews the different stages of this development-from the era of small government prior to the Civil War through the dramatic transformations of the New Deal and Cold War up to the current challenges of modernizing the welfare state-and shows how each of these stages reflected a dominant vision of the size and role of the federal government, incorporating particular spending, tax, and borrowing philosophies and policies. Why Budgets Matter offers new insights into the enduring debate over 'limited government' versus 'big government' in the United States and will be a valuable resource for students, scholars, and policymakers seeking a better understanding of the background to the fiscal problems we face today.
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Editorial Reviews
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It is said that some governments go over their budgets very carefully, while others do it without even noticing. Ippolito manages to convey something fresh and new about both the revenue and expenditure sides of budgets in this well-written and comprehensive text. But what I found astonishing about the book is its ambition: it explains why the federal budget works as it does, rather than just describing the process. Ippolito's main thesis, that the tendency toward deficits and growth of government is a product of larger forces in American politics, looked like an anachronism just two years ago. But deficits are back. This book couldn't be more timely, and it couldn't be more important. --Michael Munger, Duke University
A comprehensive, clear, and valuable account of the exceedingly complex history of federal budgeting. Ippolito succeeds admirably. --Louis Fisher, Congressional Research Service
Dennis Ippolito offers the reader an invaluable historical review of American budgeting from the founding of the Republic through the contemporary period. As of now, there is no other publication of this breadth. --James D. Savage, University of Virginia
A comprehensive, clear, and valuable account of the exceedingly complex history of federal budgeting. Ippolito succeeds admirably. --Louis Fisher, Congressional Research Service
Dennis Ippolito offers the reader an invaluable historical review of American budgeting from the founding of the Republic through the contemporary period. As of now, there is no other publication of this breadth. --James D. Savage, University of Virginia
From the Inside Flap
Much of what government does depends on money. From the nation's founding until today, conflicts over the powers to tax, spend, and borrow have been at the heart of American politics. Why Budgets Matter is a comprehensive account of how these conflicts over budget policy have shaped national politics by determining the size and role of the federal government.
The history of budget policy provides a unique perspective on political change in the United States and helps explain how and why the federal government has grown over time. Dennis Ippolito reviews the different stages of this development-from the era of small government prior to the Civil War through the dramatic transformations of the New Deal and Cold War up to the current challenges of modernizing the welfare state-and shows how each of these stages reflected a dominant vision of the size and role of the federal government, incorporating particular spending, tax, and borrowing philosophies and policies.
Why Budgets Matter offers new insights into the enduring debate over "limited government" versus "big government" in the United States and will be a valuable resource for students, scholars, and policymakers seeking a better understanding of the background to the fiscal problems we face today. --This text refers to the Hardcover edition.
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Inside This Book
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Key Phrases - Statistically Improbable Phrases (SIPs):
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discretionary domestic programs, surplus budgeting, defense budget share, healthcare entitlements, social welfare expansions, spending retrenchments, national budget system, surplus projections, federal budget policy, discretionary spending caps, outlay growth, budget process reforms, spending philosophy, multiyear budgeting, budget outlook, excess profits taxation, discretionary outlays, domestic outlays, social welfare entitlements, reconciliation legislation, estimated revenue loss, congressional budgeting, revenue levels, domestic spending cuts, entitlement reform Key Phrases - Capitalized Phrases (CAPs): (learn more)
Social Security, World War, Congressional Budget Office, Civil War, Government Printing Office, Congressional Record, New York, Secretary of the Treasury, Congressional Quarterly Almanac, New Deal, Colonial Times, Uncertain Legacies, Historical Tables, Federal Reserve, Annual Report, White House, Bureau of the Census, Cold War, Korean War, Great Society, Vietnam War, General Accounting Office, President Bush, President Clinton, Great Depression New!
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Front Cover | Table of Contents | First Pages | Index | Surprise Me!
discretionary domestic programs, surplus budgeting, defense budget share, healthcare entitlements, social welfare expansions, spending retrenchments, national budget system, surplus projections, federal budget policy, discretionary spending caps, outlay growth, budget process reforms, spending philosophy, multiyear budgeting, budget outlook, excess profits taxation, discretionary outlays, domestic outlays, social welfare entitlements, reconciliation legislation, estimated revenue loss, congressional budgeting, revenue levels, domestic spending cuts, entitlement reform Key Phrases - Capitalized Phrases (CAPs): (learn more)
Social Security, World War, Congressional Budget Office, Civil War, Government Printing Office, Congressional Record, New York, Secretary of the Treasury, Congressional Quarterly Almanac, New Deal, Colonial Times, Uncertain Legacies, Historical Tables, Federal Reserve, Annual Report, White House, Bureau of the Census, Cold War, Korean War, Great Society, Vietnam War, General Accounting Office, President Bush, President Clinton, Great Depression New!
Books on Related Topics | Concordance | Text Stats Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Surprise Me!
Citations (learn more)
This book cites 61
books:
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- Federal Income Tax by John F. Witte on 15 pages
- Financial History of the United States by Davis Rich Dewey on 10 pages
- Presidential Spending Power by Louis Fisher on 9 pages
- Congressional Spending by Dennis S. Ippolito on 7 pages
- A Compilation of the Messages and Papers of the Presidents: Volume 3, Part 1 by James D. Richardson on 7 pages
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