Red ink: the budget, deficit, and debt of the U.S. government

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Academic Press, 1997 - Business & Economics - 297 pages
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Discussions and conversations about the U.S. federal budget are commonplace, filling living rooms, coffeeshops, and talk radio. But how much do people really know about the intricacies of the budget, its history, and the institutional details that create it? Red Ink: The Budget, Deficit, and Debt of the U.S. Government offers an insightful, non-partisan explanation of the budget as a political document. The book examines the budget as a reflection of the distribution of economic power as well as discussing the current structure of the Federal government.

This descriptive, nonpartisan, and ideologically neutral approach to the U.S. federal budget provides a clear and detailed explanation of the intricacies of the budget, its history, and the institutional details that create it. Red Ink offers a complete guide to the federal governments budget, its deficit, and its debt. Clear and practical discussions of taxes, entitlements, welfare, Social Security, Medicare, agricultural subsidies, trust funds, budget enforcement, and the politics of the deficit and deficit-reduction are all included.

This is the first book to offer a complete survey from the history of the deficit to modern budget enforcement. It discusses topical issues, such as welfare and Medicare reform, and the controversies of the future, including the projected depletion of the Social Security trust funds. The actual line-item budget, including tax sources, is listed to demonstrate where federal

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Contents

The Historical Origins of the Debt
21
The LineItem Budget
55
Individual Agency Budgets
81
Copyright

8 other sections not shown

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About the author (1997)

Gary Evans, author of The National Interest: A Chronicle of the National Film Board of Canada from 1949 to 1989 (1991), has published extensively on the history of media and communications. A former student of John Grierson, Evans completed his degree in History at McGill and currently teaches at the University of Ottawa. Since 1975 he has also worked as a consultant and writer for the NFB.

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