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Paperback Deficit Politics in the United States: Taxes, Spending and Fiscal Disconnect Book

ISBN: 103220124X

ISBN13: 9781032201245

Deficit Politics in the United States: Taxes, Spending and Fiscal Disconnect

From the clashes between Federalists and Republicans in the 1790s until today, partisan battles over taxing, spending, and public debt have shaped American political development. These battles were formerly constrained by fiscal norms that mandated balanced budgets and low debt. In his Farewell Address, President George Washington counseled the nation to "cherish public credit" by using "it as sparingly as possible".

In the 1980s, however,...

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