The Budget Deficit and National Debt analyzes and attempts to
better understand the problems associated with the debt and
deficit. The theme of this book parallels the Miller Center's
primary focus on governance and the presidency. The president is a
key actor in submitting, approving, and administrating the budget.
Therefore, the study of debt and deficit is in keeping with the
Miller Center's focus on governance and the presidency. The book is
divided into four sections. The first section discusses the debt
and deficit from a variety of political perspectives and
ideological approaches. Three contributors, representing different
schools of thought and professional backgrounds, provide separate
frameworks for considering the budget and deficit. The first
section contrasts liberal, conservative, and independent views and
compares the effects of the deficit on federal and local
governments. The second section provides an overview of the origins
and growth of the deficit and its effect on the U.S. economy. The
authors outline interaction among and competition between economic
and political forces operating in the United States, and they
debate the merits of deficit reduction proposals. The third section
examines the economic and political ramifications of the deficit,
reviewing tactical and strategic errors and their consequences. The
book concludes with a discussion of the political struggle over
controlling the deficit and chronicles the ambitions and rivalries
of two key political figures Bill Clinton and Newt Gingrich. Their
dispute over the seven year balanced-budget plan had significant
influence on the policies of debt and deficit."
General
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