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Routledge Deficit Politics in the United States - Routledge Book

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Description

Explore the history of American fiscal policy with Deficit Politics in the United States: Taxes, Spending and Fiscal Disconnect. Part of the Europa Economic Perspectives series, this book tracks the evolution of partisan battles over taxing, spending, and public debt from the 1790s to the present day. Understand how the political landscape changed from the era of the Federalists and Republicans to the modern age. The text examines how historical fiscal norms, which once mandated balanced budgets and low debt, shifted following the 1980s. You will learn how tax cuts and spending increases led to large structural deficits and higher debt levels, breaking the tradition of using public credit sparingly as advised by George Washington. This book provides a deep look at the political development of the United States through the lens of economic policy. It is an essential resource for students and readers interested in how political disagreements shape the nation's financial future.

Key Features

Covers the history of American fiscal battles from the 1790s Federalists and Republicans through to the modern day.

Examines the shift from traditional fiscal norms like balanced budgets to the modern era of structural deficits.

Analyzes the impact of 1980s tax cuts and spending increases on national debt levels.

Provides historical context regarding George Washington's advice on the use of public credit.

Part of the Europa Economic Perspectives series from Routledge for academic and professional study.

Product Specifications

Format
hardcover
Domain
Amazon UK
Release Date
23 February 2022
Listed Since
20 August 2021

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