The Deficit and the Public Interest

Permutations of particular interests shaped attention to the general interest in deficit reduction . Democrats jumped on the issue in part because their constituencies had more problems with Reagan's than with previous deficits .

Author: Joseph White

Publisher: University of California Press

ISBN: 9780520356375

Category: Political Science

Page: 698

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Political time is counted not in years, but in issues—the Depression defined the political era of the 1930s just as the Cold War did the 1950s and civil rights the 1960s. In the 1980s, the federal budget loomed as the dominant issue by which all others were considered and has become a concern that catalyzes debate in our nation's capital. In this definitive work, Joseph White and Aaron Wildavsky describe and analyze the struggles over taxing and spending from Carter's last year through the Reagan administration. The battle of the budget is largely about defining the role of the government and its relationship to the people. It involves congressional horse-trading, partisan posturing, and technical tricks that affect billions of dollars. It is also a story of politicians operating within constraints set by both public opinion and political interpretation of economic reality. Though budgeting has always been important, its impact on the national agenda has grown dramatically. Based on documentary sources and extensive interviews with participants, The Deficit and the Public Interest explains how budgeting works so the reader can see what is at stake in seemingly arcane disputes. It also explains the relationship of the budget to the media as well as to party and policy activists and explores the ways in which the deficit represents a crisis of confidence in our institutions, preeminently Congress and the presidency. Along the way, it provides a uniquely comprehensive account of the entire budget problem, exploring Gramm-Rudman, tax reform, and the continuing political gridlock. The authors demonstrate that institutions have performed better than their members and critics believe, and they contend that extreme solutions to the deficit would likely be much worse than the original problems. Redefining the problem as one of reducing interest costs so the deficit becomes manageable, they proffer political advice on how to make this approach politically acceptable, both at home and abroad. This title is part of UC Press's Voices Revived program, which commemorates University of California Press’s mission to seek out and cultivate the brightest minds and give them voice, reach, and impact. Drawing on a backlist dating to 1893, Voices Revived makes high-quality, peer-reviewed scholarship accessible once again using print-on-demand technology. This title was originally published in 1989.

The Deficit and the Public Interest

In this definitive work, Joseph White and Aaron Wildavsky describe and analyze the struggles over taxing and spending from Carter's last year through the Reagan administration.

Author: Joseph White

Publisher:

ISBN: 9780520304666

Category:

Page: 698

View: 508

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Political time is counted not in years, but in issues--the Depression defined the political era of the 1930s just as the Cold War did the 1950s and civil rights the 1960s. In the 1980s, the federal budget loomed as the dominant issue by which all others were considered and has become a concern that catalyzes debate in our nation's capital. In this definitive work, Joseph White and Aaron Wildavsky describe and analyze the struggles over taxing and spending from Carter's last year through the Reagan administration. The battle of the budget is largely about defining the role of the government and its relationship to the people. It involves congressional horse-trading, partisan posturing, and technical tricks that affect billions of dollars. It is also a story of politicians operating within constraints set by both public opinion and political interpretation of economic reality. Though budgeting has always been important, its impact on the national agenda has grown dramatically. Based on documentary sources and extensive interviews with participants, The Deficit and the Public Interest explains how budgeting works so the reader can see what is at stake in seemingly arcane disputes. It also explains the relationship of the budget to the media as well as to party and policy activists and explores the ways in which the deficit represents a crisis of confidence in our institutions, preeminently Congress and the presidency. Along the way, it provides a uniquely comprehensive account of the entire budget problem, exploring Gramm-Rudman, tax reform, and the continuing political gridlock. The authors demonstrate that institutions have performed better than their members and critics believe, and they contend that extreme solutions to the deficit would likely be much worse than the original problems. Redefining the problem as one of reducing interest costs so the deficit becomes manageable, they proffer political advice on how to make this approach politically acceptable, both at home and abroad. This title is part of UC Press's Voices Revived program, which commemorates University of California Press's mission to seek out and cultivate the brightest minds and give them voice, reach, and impact. Drawing on a backlist dating to 1893, Voices Revived makes high-quality, peer-reviewed scholarship accessible once again using print-on-demand technology. This title was originally published in 1989.
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Sustainability and Optimality of Public Debt

And in Germany, public debt tends to explo de, doubling within a few years. The reason for this is the immense cost of Ger man unification. I had many helpful talks with my colleague Michael Schmid (now at Bam berg).

Author: Michael Carlberg

Publisher: Springer Science & Business Media

ISBN: 9783642469657

Category: Business & Economics

Page: 217

View: 193

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Public debt seems to be one of the great issues of the nineties. The United States have turned from the largest creditor of the world to the largest debtor, due to dramatic budget deficits. The European Union tries to build dams against the flood, see the treaty of Maastricht. And in Germany, public debt tends to explo de, doubling within a few years. The reason for this is the immense cost of Ger man unification. I had many helpful talks with my colleague Michael Schmid (now at Bam berg). In addition, Michael Brauninger and Philipp Lichtenauer carefully discus sed with me all parts of the manuscript. Last but not least, Doris Ehrich typed the manuscript as excellently as ever. I would like to thank all of them. Contents INTRODUCTION 3 5 BRIEF SURVEY OF THE LITERATURE PART I. CLOSED ECONOMY 9 CHAPTER I. SOLOW MODEL 11 1. Fixed Deficit Ratio 11 1. 1. Simple Model 11 1. 2. Short-Run Equilibrium 12 1. 3. Long-Run Equilibrium 14 1. 4. Optimal Deficit Ratio 18 1. 5. Optimal Saving Ratio 20 1. 6. Stability 21 1. 7. Shocks 23 1. 8. Budget Surplus 29 1. 9. Numerical Example 32 1. 10. Summary 37 2. Fixed Tax Rate 38 2. 1. Simple Model 38 2. 2. Short-Run Equilibrium 39 2. 3. Long-Run Equilibrium 40 2. 4. Stability 45 2. 5. Shocks 48 2. 6. Optimal Tax Rate 56 2. 7. Optimal Saving Ratio 57 2. 8. Numerical Example 58 2. 9.

Setting Safety Standards

"This is an extremely rich piece of scholarship that blends the perspectives of law, economics, engineering, and political science in comparing public and private standards-setting."—Peter J. May, University of Washington "The book is of ...

Author: Ross E. Cheit

Publisher: University of California Press

ISBN: 9780520302310

Category: Social Science

Page: 312

View: 185

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In this highly original and meticulously researched comparison of public and private standards-setting, Ross E. Cheit questions the old maxim that government-set safety standards are too severe while those set by the private sector are too lenient. Identifying the comparative institutional advantages of each arrangement through four paired case studies of grain elevators, woodstoves, aviation fire safety, and gas space heaters, he finds instead that some private standards are surprisingly strict, while government is better positioned to survey real-world experience and sponsor research likely to improve standards-setting. Setting Safety Standards challenges those political scientists who argue that only public institutions can advance the public interest in the controversial field of health and safety. Cheit draws attention to such little-known organizations as Underwriters Laboratories and the National Fire Protection Association, private-sector alternatives to the government regulation so frequently criticized as time-consuming, inflexible, and unreasonable. These organizations, he shows, play a far more significant role in regulation than most federal agencies, even though the standards they develop are widely—and often mistakenly—assumed to be less concerned with due process than government standards and often unduly lax. This study should be widely read by public policy and regulation experts in both the public and the private sectors as well as by academics in the field. This title is part of UC Press's Voices Revived program, which commemorates University of California Press’s mission to seek out and cultivate the brightest minds and give them voice, reach, and impact. Drawing on a backlist dating to 1893, Voices Revived makes high-quality, peer-reviewed scholarship accessible once again using print-on-demand technology. This title was originally published in 1990.

Intertemporal Macroeconomics

This book is concerned with the long-run effects of budgetary and financial policy on aggregate demand and supply.

Author: Michael Carlberg

Publisher: Springer Science & Business Media

ISBN: 9783642470233

Category: Business & Economics

Page: 240

View: 225

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This book is concerned with the long-run effects of budgetary and financial policy on aggregate demand and supply. Here the long run is characterized by the accumulation of public debt and foreign assets. This gives rise to a number of questions. Will the long-run equilibrium be stable? What does long-run instability imply? Is the long-run multiplier smaller than the short-run multiplier? Can the long-run multiplier become negative? This book takes a new approach to macroeconomic policy. It assumes a growing economy, as opposed to a stationary economy. And it assumes that the government fixes the deficit rate, as opposed to the tax rate. It is argued that economic growth is an important factor of long-run stability. Similarly, it is argued that a fixed deficit rate is an important factor of long-run stability.

Economics Politics and American Public Policy

In language that is understandable to non-economists, this work introduces readers to the interrelationship of politics and economics in America - how economics influences public policy and how public policy can impact the economy.

Author: James J. Gosling

Publisher: M.E. Sharpe

ISBN: 9780765628411

Category: Business & Economics

Page:

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In language that is understandable to non-economists, this work introduces readers to the interrelationship of politics and economics in America - how economics influences public policy and how public policy can impact the economy. Readers learn how the U.S. economy works (domestically and in its global connectedness), how to measure economic performance, how government intervenes in the market to influence economic performance and redistribute resources, and how policymakers act to protect the public interest in an economic system based on private interests. The author provides historical background for contemporary problems. He explains basic economic and policymaking concepts in an issue-relevant context, with concrete examples inspired by ongoing policy debates in Washington regarding production and employment, commodity prices, Social Security and Medicare, budget deficits, national debt, trade deficits, and more.

School Choice and Competition Markets in the Public Interest

... have more limited cultural resources than others and are less well placed to make 'satisfactory' decisions in relation to schooling and public institutions and initiatives are required to put this right by making good the deficit.

Author: Carl Bagley

Publisher: Routledge

ISBN: 9781134770397

Category: Education

Page: 272

View: 347

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This book offers a unique record of the realities of parental choice and competitive pressures on schools. On the basis of research involving thousands of parents and eleven secondary schools monitored over several years, it sets out: * empirical findings on parents' preferences and experience of choice, how schools respond to competitive pressures, and local dynamics of quasi-markets * theoretical implications for understanding quasi-markets in education and the public interest * implications for educational policy, if schools are to be more responsive and inequalities lessened The book provides insights into whether pressures for choice and diversity are in the greater public interest, or if they benefit only the few, and suggests a notion of the public-market as a model for analysing public services.

The Deficit

... FCC to attack the Fairness Doctrine which requires broadcasters to air both sides of controversial public issues. ... of its own role from a guardian of the public interest to an indifferent bystander in private business disputes.

Author: Helen P. Rogers

Publisher:

ISBN: IND:39000004460700

Category: Business & Economics

Page: 460

View: 99

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Politicians talk of making tough budgetary decisions, yet every year the deficit continues to climb. Something's wrong here, yet the traditional rhetoric & answers just don't seem to be working. Helen Rogers, author of THE ELECTION PROCESS, SOCIAL SECURITY: AN IDEA WHOSE TIME HAS PASSED & THE AMERICAN DEFICIT: FULFILLMENT OF A PROPHECY, thinks she knows why. In THE DEFICIT, Rogers systematically reveals a plan for eliminating the federal deficit. In each chapter she examines popular myths about the causes of the deficit & outlines concrete steps that can be taken to ease the crisis. Rogers begins with waste, pointing out that we could have saved over $424 billion if waste cutting recommendations of the Grace Commission were adopted back in 1983. She goes on to address the issues of capital, privatization, deregulation, taxes, our GNP, trade exchange rates, international financial responsibility, banking policies, the budget process, & leadership. Whether the subject is government regulation of child care, or the gold standard, Rogers promotes her view with an engaging combination of humor & fact. Rogers' book is carefully researched. Her positions are clear & candid. But most remarkable is her vigorous applications of common sense. Rogers' book is substantive & refreshing.

Forgive Us Our Debts

Ellen Frank, Raw Deal: How Myths and Misinformation About Deficits, Inflation, and Wealth Impoverish America (Boston: Beacon, 2004), 81-82; White and Wildavsky, The Deficit and the Public Interest, 227; Hager and Pianin, Mirage, 103-4.

Author: Andrew L. Yarrow

Publisher: Yale University Press

ISBN: 9780300145335

Category: Business & Economics

Page: 184

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In this immensely timely book, Andrew Yarrow brings the sometimes eye-glazing discussion of national debt down to earth, explaining in accessible terms why federal debt is rising (and will soon rise much faster), what effects it may have on Americans if debt is not brought under control, why our government borrows, and what it will take to pay it all back. The picture Yarrow paints should concern all Americans. Specifically, he brings to light how rising Medicare, Social Security, and other spending on one hand, and insufficient government revenues on the other, make a mockery of fiscal responsibility. Deficits and debt, Yarrow asserts, are crowding out spending on needed investments in science, environment, infrastructure, and other domestic discretionary programs and could severely harm our nations and our citizens future. But he makes clear that this does not have to be a doomsday scenario. If we act in a bipartisan fashion to restore fiscal health, our legacy to the next generation can be much more than trillions of dollars of IOUs.

Public Administration

Key Decision Makers Inside Public Administration: The Concept of Competing Bureaucratic Subsystems Reading 7: Inside Public Bureaucracy (Richard J. Stillman II) Case Study 7: The Decisionto Go to War with Iraq (James P. Pfiffner) II. The ...

Author: Richard Joseph Stillman

Publisher: Houghton Mifflin College Division

ISBN: 0618310452

Category: Political Science

Page: 545

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Public Administration: Concepts and Cases offers a unique and highly regarded framework in which conceptual readings are paired with contemporary case studies that reflect real-world examples of administrative work, as well as new thinking and developments in the field. Case studies and examples cover topics such as the Columbia space shuttle disaster, the shootings at Columbine High School, the AIDS epidemic, and the war in Iraq—making it easy to engage students in the readings. The readings include introductions, annotations, and discussion questions. Chapters contain review questions, key terms, and suggestions for further reading. Pertinent topics include ecology and decision-making, intergovernmental relations, information networks, and ethics. A topical table of contents makes it easy to choose subjects of particular interest.

The Politics of American Economic Policy Making

Keynsian ideas legitimate cyclical deficits and these are transformed into structural deficits when the public refuses to accept tax increases or spending decreases in good times. They feel that the only way to deal with this in the ...

Author: Paul Peretz

Publisher: Routledge

ISBN: 9781315482033

Category: Business & Economics

Page: 464

View: 181

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A reader on American government and the economy. It contains wide-ranging articles by people such as Richard Musgrave, Milton Friedman, James Buchanan, and Alan Greenspan.

Seeking the Center

Norman Ornstein, "The Deficit: A Look at the Bright Side" [book review of Joseph White and Aaron Wildavsky, The Deficit and the Public Interest], New York Times Book Review, June 30, 1990, section 7, p. 14. 3.

Author: Martin A. Levin

Publisher:

ISBN: UVA:X030558484

Category: Political Science

Page: 454

View: 509

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An analysis of the politics of policymaking in the past decade that describes what happened in national policymaking and explains why it happened by examining the political dynamics of what government does. Its major finding is that an intensely competitive, evenly balanced two-party system operating within a broad public consensus has produced highly partisan political posturing and moderate, incremental, but substantial policy innovations. The 21 contributors are political scientists and policy experts representing about a dozen US universities. c. Book News Inc.

Rivals for Power

1 (2007); Frederick C. Mosher, A Tale of Two Agencies: A Comparative Analysis of the General Accounting Oflice and the ... I have argued (White and Wildavsky, The Deficit and the Public Interest) that the Ways and Means and Finance ...

Author: James A. Thurber

Publisher: Rowman & Littlefield Publishers

ISBN: 9781442200197

Category: Political Science

Page: 296

View: 700

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Rivals for Power is a lively description of the power struggle between the president and Congress. In it, leading congressional and presidential scholars and knowledgeable former public officials consider the historical, political, and constitutional foundations of conflict between the two branches. The authors give practical advice about how to build cooperative policymaking between the president and Congress as they struggle over major crises in solving economic problems and addressing domestic issues and the challenges in defense and foreign policy making. The book features original academic research and practitioner knowledge from the White House and the Hill. This fourth edition includes all new essays with unique and critical viewpoints on the role of the president and Congress in the policy making process. Many of the essays focus on lessons learned about cooperation and conflict between the two branches from the Clinton and Bush presidencies. The essays include preliminary analyses of President Barack Obama's relationship with Congress. Because the authors have made major contributions as congressional and presidential scholars, and have played key roles in Congress, in the White House, in the media, and as lobbyists, each chapter presents a different perspective. The new edition of Rivals for Power is intended for students, scholars, public officials, the media, and the general public. Contributions by Gary Andres, Richard S. Conley, Roger H. Davidson, The Honorable Mickey Edwards, Louis Fisher, Patrick Griffin, The Honorable Lee H. Hamilton, Mark J. Oleszek, Walter J. Oleszek, John E. Owens, James P. Pfiffner, Mark J. Rozell, Andrew Rudalevige, Barbara Sinclair, Mitchel A. Sollenberger, James A. Thurber, Stephen J. Wayne, and Joseph White.

Landmark Debates in Congress

Joseph White and Aaron Wildavsky,The Deficit and the Public Interest: The Search for Responsible Budgeting in the 1980s ... A Decade of Deficits: Congressional Thought and Fiscal Action(Albany: State University of New York Press, 1992), ...

Author: Stephen W Stathis

Publisher: SAGE

ISBN: 9780872899766

Category: Political Science

Page: 514

View: 125

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Examines more than fifty significant congressional debates, arranged in chronological order and accompanied by introductory essays that outline the opposing forces and historical context of each debate.

Public Sector Deficits in OECD Countries

These papers state the causes and consequences of the deficits in OECD countries, and point out remedies.

Author: Henry Cavanna

Publisher: Springer

ISBN: 9781349089529

Category: Business & Economics

Page: 173

View: 176

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These papers state the causes and consequences of the deficits in OECD countries, and point out remedies. After an overview of the situation in OECD countries, each contributor writes about his own country: the USA, the UK, Germany, Italy and France.

Public Relations and the Public Interest

But does this mean the public interest is served in the relationship? The answer is both yes and no. ... It follows that a less critical approach by the news media can thus result in a deficit in public interest simply by a lack of ...

Author: Jane Johnston

Publisher: Routledge

ISBN: 9781317568858

Category: Language Arts & Disciplines

Page: 214

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In this book, Johnston seeks to put the public interest onto the public relations ‘radar’, arguing the need for its clear articulation into mainstream public relations discourse. This book examines literature from a range of fields and disciplines to develop a clearer understanding of the concept, and then considers this within the theory and practice of public relations. The book’s themes include the role of language and discourse in establishing successful public interest PR and in perpetuating power imbalances; intersections between CSR, governance, law and the public interest; and how activism and social media have invigorated community control of the public interest. Chapters explore the role of the public interest, including cross-cultural and multicultural challenges, community and internal consultation, communication choices and listening to minorities and subaltern publics.

Future Survey Annual 1990

(deficit thinking revised) 9952 How To Fix the Deficit— Really, Joseph White (Brookings Institution) and Aaron Wildavsky (U of California- Berkeley), The Public Interest, No. 94, Winter 1989, 3-24. Authors of The Deficit and the Public ...

Author: Michael Marien

Publisher: Transaction Publishers

ISBN: 0930242386

Category: Political Science

Page: 196

View: 835

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Reducing the Deficit Spending and Revenue Options

... 1995 Addition to CBO Baseline 375 375 N.A. N.A. N.A. 750 The Federal Communications Commission ( FCC ) has the responsibility of allocating licenses to use the electromagnetic or radio spectrum in accord with the public interest .

Author:

Publisher:

ISBN: COLUMBIA:CU14296268

Category: Budget deficits

Page:

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Public Interest Law

The role of publicity in determining costs , the organization ran a deficit in fiscal years the outcomes of public interest actions has been 1974 and 1975 , and as a result has faced growing mentioned at a number ...

Author: Burton A. Weisbrod

Publisher: University of California Press

ISBN: 9780520357266

Category: Law

Page: 594

View: 136

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What is public interest law? How effective is it? What are the limits to litigation as a mechanism for conflict resolution? In this study, economists, lawyers, and sociologists evaluate an institutional form that is new to American society and, indeed, to the world--the public interest law (PIL) organization. The book introduces the reader to the structure, resources, and activities of this "nonprofit industry," and also to the factors that affect PIL firms in their choices of cases and methods of handling them. The authors examine PIL's vast range of contemporary public policy concerns. These incude such general topics as the environment, consumerism, housing, employment discrimination, medical care, occupational health and safety, education finance, and taxation. A number of base studies are presented, and a method for economic analysis and evaluation is introduced and applied. The study points to PIL's success in advocating under-represented interests, in winning courtroom decisions, and in translating legal victories into reallocations of resources. At the same time, it notes the bias of PIL towards test-case litigation, a propensity to focus on judicial victories rather than on real social change, and a tendency to use lawyers even when other types of professionals might be more effective. Many of these problems stem from uncertainty of funding and legal restrictions on "nonprofit" organizations. The result is a set of hurdles that distracts PIL firms from their principal goals. The authors do not limit themselves to PIL, but comment on the effectiveness of legal instruments as devices for social change, and on the behavior of the voluntary nonprofit sector, a little-studied portion of the economy. The book presents a fresh approach to the study of both collective-type economic problems and institutional setting in which public interest law works. This title is part of UC Press's Voices Revived program, which commemorates University of California Press's mission to seek out and cultivate the brightest minds and give them voice, reach, and impact. Drawing on a backlist dating to 1893, Voices Revived makes high-quality, peer-reviewed scholarship accessible once again using print-on-demand technology. This title was originally published in 1978.
Posted in: Law

Reflexive Governance

The book is composed of one general introduction and eight chapters. Chapter one introduces the concept of reflexive governance and describes the overall framework.

Author: Olivier De Schutter

Publisher: Bloomsbury Publishing

ISBN: 9781847315847

Category: Law

Page: 266

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Reflexive governance offers a theoretical framework for understanding modern patterns of governance in the European Union (EU) institutions and elsewhere. It offers a learning-based approach to governance, but one which can better respond to concerns about the democratic deficit and to the fulfillment of the public interest than the currently dominant neo-institutionalist approaches. The book is composed of one general introduction and eight chapters. Chapter one introduces the concept of reflexive governance and describes the overall framework. The following chapters of the book then summarise the implications of reflexive governance in major areas of domestic, EU and global policy-making. They address in turn: Services of General Interest, Corporate Governance, Institutional Frames for Markets, Regulatory Governance, Fundamental Social Rights, Healthcare Services, Global Public Services and Common Goods. While the themes are diverse, the chapters are unified by their attempt to get to the heart of which concepts of governance are dominant in each field, and what their successes and failures have been: reflexive governance then emerges as one possible response to the failures of other governance models currently being relied upon by policy-makers.
Posted in: Law