Author: United States. Congress. House. Committee on Ways and Means
Publisher:
ISBN:
Category : Deficit financing
Languages : en
Pages : 1156

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Author: United States. Congress. House. Committee on Ways and Means
Publisher:
ISBN:
Category : Deficit financing
Languages : en
Pages : 1164

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Author: United States. Congress. House. Committee on the Budget
Publisher:
ISBN:
Category : Budget
Languages : en
Pages : 1188

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Author: Michael Allen Meeropol
Publisher: University of Michigan Press
ISBN: 0472123521
Category : Business & Economics
Languages : en
Pages : 401

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Book Description
Michael Meeropol argues that the ballooning of the federal budget deficit was not a serious problem in the 1980s, nor were the successful recent efforts to get it under control the basis for the prosperous economy of the mid-1990s. In this controversial book, the author provides a close look at what actually happened to the American economy during the years of the "Reagan Revolution" and reveals that the huge deficits had no negative effect on the economy. It was the other policies of the Reagan years--high interest rates to fight inflation, supply-side tax cuts, reductions in regulation, increased advantages for investors and the wealthy, the unraveling of the safety net for the poor--that were unsuccessful in generating more rapid growth and other economic improvements. Meeropol provides compelling evidence of the failure of the U.S. economy between 1990 and 1994 to generate rising incomes for most of the population or improvements in productivity. This caused, first, the electoral repudiation of President Bush in 1992, followed by a repudiation of President Clinton in the 1994 Congressional elections. The Clinton administration made a half-hearted attempt to reverse the Reagan Revolution in economic policy, but ultimately surrendered to the Republican Congressional majority in 1996 when Clinton promised to balance the budget by 2000 and signed the welfare reform bill. The rapid growth of the economy in 1997 caused surprisingly high government revenues, a dramatic fall in the federal budget deficit, and a brief euphoria evident in an almost uncontrollable stock market boom. Finally, Meeropol argues powerfully that the next recession, certain to come before the end of 1999, will turn the predicted path to budget balance and millennial prosperity into a painful joke on the hubris of public policymakers. Accessibly written as a work of recent history and public policy as much as economics, this book is intended for all Americans interested in issues of economic policy, especially the budget deficit and the Clinton versus Congress debates. No specialized training in economics is needed. "A wonderfully accessible discussion of contemporary American economic policy. Meeropol demonstrates that the Reagan-era policies of tax cuts and shredded safety nets, coupled with strident talk of balanced budgets, have been continued and even brought to fruition by the neo-liberal Clinton regime." --Frances Fox Piven, Graduate School, City University of New York Michael Meeropol is Chair and Professor of Economics, Western New England College.

Author: United States. Congress. House. Committee on the Budget
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 64

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Author: United States. Congress. House. Committee on the Budget
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 168

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Author: Bill Clinton
Publisher: Knopf
ISBN: 0307959767
Category : Political Science
Languages : en
Pages : 210

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“I wrote this book because I love my country and I'm concerned about our future,” writes Bill Clinton. “As I often said when I first ran for President in 1992, America at its core is an idea—the idea that no matter who you are or where you're from, if you work hard and play by the rules, you'll have the freedom and opportunity to pursue your own dreams and leave your kids a country where they can chase theirs.” In Back to Work, Clinton details how we can get out of the current economic crisis and lay a foundation for long-term prosperity. He offers specific recommendations on how we can put people back to work and create new businesses, increase bank lending and corporate investment, double our exports, and restore our manufacturing base. He supports President Obama’s emphasis on green technology, saying that change in the way we produce and consume energy is the strategy most likely to spark a fast-growing economy and enhance our national security. Clinton also says that we need both a strong economy and a smart government working together to restore prosperity and progress. He demonstrates that whenever we’ve given in to the temptation to blame government for our problems, we’ve lost our commitment to shared prosperity, balanced growth, financial responsibility, and investment in the future. That has led our nation into trouble because there are some things we have to do together. For example, he says, “Our ability to compete in the twenty-first century is dependent on our willingness to invest in infrastructure: we need faster broadband, a state-of-the-art national electrical grid, modernized water and sewer systems, and the best airports, trains, roads, and bridges. “There is no evidence that we can succeed in the twenty-first century with an antigovernment strategy,” writes Clinton, “with a philosophy grounded in ‘You’re on your own’ rather than ‘We’re all in this together.’” Clinton believes that conflict between government and the private sector has proved to be remarkably good politics, but it has produced bad policies, giving us a weak economy with few jobs, growing income inequality and poverty, and a decline in our competitive position. In the real world, cooperation works much better than conflict, and “we need victories in the real world.”

Author: United States. Congress. House. Committee on Ways and Means
Publisher:
ISBN:
Category : Budget
Languages : en
Pages : 128

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Author: Jeffrey A. Frankel
Publisher: MIT Press
ISBN: 9780262561518
Category : Business & Economics
Languages : en
Pages : 1142

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Book Description
An examination of U.S. economic policy in the 1990s, by leading policy makers as well as academic economists.

Author:
Publisher:
ISBN:
Category : Double taxation
Languages : en
Pages : 848

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