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Persistent link: https://www.econbiz.de/10003674658
"Starve the Beast" is a theory held by many Republicans, which holds that tax cuts automatically bring about spending cuts and thus prevent an increase in the budget deficit. This paper explains how this theory came to be developed and its political and economic consequences
Persistent link: https://www.econbiz.de/10013136511
The proposed balanced budget amendment is actually a spending limitation amendment. It would limit federal spending to 18 percent of GDP. This article argues that using GDP to calculate the maximum amount of spending is grossly inappropriate, especially for a constitutional amendment, because...
Persistent link: https://www.econbiz.de/10013122626
Persistent link: https://www.econbiz.de/10013074842
This article discusses the prospects for long-term deficit reduction given the strenuous opposition to higher taxes by influential Republican adviser Grover Norquist, who has gotten virtually every Republican in Congress to sign his no-new-taxes pledge
Persistent link: https://www.econbiz.de/10014184507