Advertisement

Breaking up the Budget Process

  • Paul Winfree
Chapter

Abstract

The current budget process is asked to resolve too many issues that are both debatable and difficult to resolve using the current framework. This includes how the overall budget fits into the economic policy of the country. In the 1940s, the architects of the Employment Act established an infrastructure for establishing economic policy that should be expanded to include debate over the principles of policy as related to the budget. Congress should be required to decide on these principles before they can proceed to writing the budget or considering appropriations bills. Therefore, the economic policy can inform budget policymakers. This will allow the process to work out some of the aggregational problems before dealing with the distributional challenges.

References

  1. Alesina, Alberto, and Roberto Perotti. 1999. “Budget Deficits and Budget Institutions.” In Fiscal Institutions and Fiscal Performance, by James M. Poterba and Jürgen von Hagen. Chicago, IL: The University of Chicago Press.Google Scholar
  2. Anderson, Gary M. 1987. “The U.S. Federal Deficit and National Debt: A Political and Economic History.” In Deficits, by James M. Buchanan, Charles K. Rowley and Robert D. Tollison. New York, NY: Basil Blackwell, Inc.Google Scholar
  3. Cohn, Gerhard, and Marilyn Young. 1975. “In Search of a New Budget Rule.” In Public Budgeting and Finance: Readings in Theory and Practice, by Robert T. Golembiewski and Jack Rabin. Itasca, IL: F.E. Peacock Publishers, Inc.Google Scholar
  4. Ferguson, E. James. 1961. The Power of the Purse: A History of American Public Finance, 1776–1790. Chapel Hill, NC: The University of North Carolina Press.Google Scholar
  5. Fink, Richard H., and Jack C. High. 1987. A Nation in Debt: Economists Debate the Federal Budget Deficit. Fredrick, MD: University Publications of America.Google Scholar
  6. Furman, Jason, and Lawrence H. Summers. 2019. “Who’s Afraid of Budget Deficits? How Washington Should End its Debt Obsession.” Foreign Affairs, January 27.Google Scholar
  7. Gilmour, John B. 1990. Reconciling Differences? Congress, The Deficit and the Budget Process. Berkeley, CA: University of California Press.Google Scholar
  8. Gramlich, Edward M. 1984. “How Bad Are The Large Deficits?” In Federal Budget Policy in the 1980s, by Gregory B. Mills and John L. Palmer. Washington, DC: The Urban Institute.Google Scholar
  9. Hockely, Graham C. 1992. Fiscal Policy: An Introduction. Second. New York, NY: Routledge.Google Scholar
  10. Hunt, Albert R. 2012. “Paul Ryan’s Role Model Was Jack Kemp.” The New York Times. August 2012. Accessed June 2019, 2019. https://www.nytimes.com/2012/08/13/us/13iht-letter13.html?mtrref=undefined&gwh=E8AA35245E856793A97B38129FF1920F&gwt=pay.
  11. Ippolito, Dennis S. 1981. Congressional Spending. Ithaca, NY: Cornell University Press.Google Scholar
  12. ———. 2012. Deficits, Debt, and The New Politics of Tax Policy. New York, NY: Cambridge University Press.Google Scholar
  13. ———. 1990. Uncertain Legacies: Federal Budget Policy from Roosevelt through Reagan. Charlottesville, VA: University of Virginia Press.Google Scholar
  14. ———. 2003. Why Budgets Matter: Budget Policy and American Politics. University Park, PA: Pennsylvania State University Press.Google Scholar
  15. Kettl, Donald F. 1992. Deficit Politics: Public Budgeting in its Institutional and Historical Context. New York, NY: Macmillan Publishing.Google Scholar
  16. Marini, John. 1992. The Politics of Budget Control: Congress, the Presidency, and the Growth of the Administrative State. New York, NY: Taylor & Francis, Inc.Google Scholar
  17. Meltzner, Arnold J. 1982. “Budget Control through Political Action.” In The Federal Budget: Economics and Politics, by Michael J. Boskin and Aaron Wildavsky. San Francisco, CA: Institute for Contemporary Studies.Google Scholar
  18. Meyers, Roy T. 2009. “The ‘Ball of Confusion’ in Federal Budgeting: A Shadow Agenda for Deliberative Reform of the Budget Process.” Public Administration Review 69 (2): 211–223.CrossRefGoogle Scholar
  19. Reinhart, Carmen, and Kenneth Rogoff. 2009. This Time Is Different: Eight Centuries of Financial Folly. Princeton, NJ: Princeton University Press.CrossRefGoogle Scholar
  20. Rivlin, Alice M. 1984. “Reform of the Budget Process.” The American Economic Review: Papers and Proceedings of the Ninety-Sixth Annual Meeting of the American Economic Association 74 (2): 133–137.Google Scholar
  21. Rubin, Irene S. 2007. “The Great Unraveling: Federal Budgeting, 1997–2006.” Public Administration Review 67 (4): 608–617.CrossRefGoogle Scholar
  22. Schier, Steven E. 1992. “Deficits Without End: Fiscal Thinking and Budget Failure in Congress.” Political Science Quarterly 107 (3): 411–433.CrossRefGoogle Scholar
  23. Stein, Herbert. 1989. Governing the $5 Trillion Economy. New York, NY: Oxford University Press.CrossRefGoogle Scholar
  24. Wildavsky, Aaron. 1980. How to Limit Government Spending. Berkeley, CA: University of California Press.Google Scholar

Copyright information

© The Author(s) 2019

Authors and Affiliations

  • Paul Winfree
    • 1
  1. 1.Heritage FoundationWashington, DCUSA

Personalised recommendations