America's fiscal constitution : its triumph and collapse / Bill White.
2014
KF6245 .W45 2014 (Mapit)
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Author
Title
America's fiscal constitution : its triumph and collapse / Bill White.
Edition
First edition.
Imprint
New York : PublicAffairs, [2014]
Description
x, 557 pages : illustrations ; 25 cm
Formatted Contents Note
A new nation and Democratic party limit Federal debt : 1789-1853. Debt gives rise to a new nation and political party
Jefferson's party defines the limits on debt
A revived Democratic party pays off the debt
The tradition sustains a growing nation and the Republican party : 1854-1900. Republicans embrace the tradition
Borrowing and taxing to restore the Union
Shrinking debt and drifting parties
Progressive reformers embrace the tradition : 1901-1940. Reformers redefine the parties and government
Financing a world war and paying down debt
Debt during the Great Depression
Containing the burden of World War II debt while increasing commitments : 1941-1976. War and taxes
Containing debt while funding defense, pensions, and highways
Medical needs, war, and recession
The erosion, revival, and collapse of the tradition : 1977-2013. Structural deficit : pressures for tax cuts and a revived Cold War
The tradition survives, though its pillars erode
Traditionalists battle back
The tradition collapses
The Great Recession and budget stalemate
Restoring the tradition. Reviving traditional budget practices
Balancing the national security budget
Paying for medical care
Growth, taxes, and the Federal Reserve
Reforming the political parties
Appendices. A, US Treasury debt, 1790-2013
B. Unmonetized debt compared to national income and tax revenues, 1790-2012
C, Federal funds revenues, outlays, and surplus/deficit, 1789-2013
D. Foreign holdings of US debt, 1976-2011
E. US state and local debt, 1970-2009
F. Trade balances, 1790-2010
G. Corporate income tax : effective rates and share of national income, 1960-2009
H. Personal income tax : effective rates and share of national income, 1950-2010.
Jefferson's party defines the limits on debt
A revived Democratic party pays off the debt
The tradition sustains a growing nation and the Republican party : 1854-1900. Republicans embrace the tradition
Borrowing and taxing to restore the Union
Shrinking debt and drifting parties
Progressive reformers embrace the tradition : 1901-1940. Reformers redefine the parties and government
Financing a world war and paying down debt
Debt during the Great Depression
Containing the burden of World War II debt while increasing commitments : 1941-1976. War and taxes
Containing debt while funding defense, pensions, and highways
Medical needs, war, and recession
The erosion, revival, and collapse of the tradition : 1977-2013. Structural deficit : pressures for tax cuts and a revived Cold War
The tradition survives, though its pillars erode
Traditionalists battle back
The tradition collapses
The Great Recession and budget stalemate
Restoring the tradition. Reviving traditional budget practices
Balancing the national security budget
Paying for medical care
Growth, taxes, and the Federal Reserve
Reforming the political parties
Appendices. A, US Treasury debt, 1790-2013
B. Unmonetized debt compared to national income and tax revenues, 1790-2012
C, Federal funds revenues, outlays, and surplus/deficit, 1789-2013
D. Foreign holdings of US debt, 1976-2011
E. US state and local debt, 1970-2009
F. Trade balances, 1790-2010
G. Corporate income tax : effective rates and share of national income, 1960-2009
H. Personal income tax : effective rates and share of national income, 1950-2010.
Summary
Traces two centuries of political leadership to explain how the U.S. is being threatened by unprecedented debt levels, challenging common beliefs and highlighting past examples to argue in favor of leadership that embraces more responsible fiscal decision-making.
Bibliography, etc. Note
Includes bibliographical references (pages 453-490) and index.
Location
STA
Call Number
KF6245 .W45 2014
Language
English
ISBN
9781610393430 (hardcover)
1610393430 (hardcover)
9781610393447 (e-book)
1610393430 (hardcover)
9781610393447 (e-book)
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