Balancing the Federal Budget: Eating the Seed Corn or by Irene S. Rubin

By Irene S. Rubin

During this well timed e-book Irene Rubin specializes in how executive attempted and at last succeeded in balancing the U.S. federal finances in 1998. With attribute perception and a full of life narrative, Rubin describes the successive efforts of Congress and the management over seventeen years to form a method that might inspire stability, in addition to the reactions of federal organisations to the strain.

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Additional info for Balancing the Federal Budget: Eating the Seed Corn or Trimming the Herds?

Sample text

The magic asterisk of the Reagan era (balancing the budget with savings to be determined, which never were realized) and the evasions and postponements of the Gramm-Rudman-Hollings period had their echo in the end-loaded proposals for cuts in the 1997 balanced budget agreement and the rising costs of tax cuts after the 2002 deadline. Skeptics argued that little had been learned. But a closer examination of the period suggests that even when the same events seemed to recur, they did so in a slightly different way, suggesting some learning.

The legislators themselves would come in late, read their questions, listen to the answers, and 12 balancing the federal budget often leave immediately afterward. Some would learn from the questions they were reading. Every once in a while, the witnesses might say something that several members of Congress learned from, but it was reportedly a rare event: There is not much learning as a result of testimony. Out of all the times I testified, only a few times was there any back and forth learning that involved more than one member, maybe less than ten times out of more than a hundred occasions.

Every once in a while, the witnesses might say something that several members of Congress learned from, but it was reportedly a rare event: There is not much learning as a result of testimony. Out of all the times I testified, only a few times was there any back and forth learning that involved more than one member, maybe less than ten times out of more than a hundred occasions. Members come and go during the hearing, they read things. 20 The skeptics made a number of good points, but they did not rule out learning completely.

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