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Fiscal Democracy in America

How a Balanced Budget Amendment Can Restore Sound Governance

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Éditeur :

Palgrave Macmillan


Paru le : 2025-07-28



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Description

This book explores the U.S. federal government’s need for binding budget targets to recover fiscal sustainability and boost economic growth. It details the flaws in past balanced budget amendment proposals, outlines the features of a promising new approach with broad appeal, and how the amendment might be adopted and implemented in today's political climate. Even as the U.S. economy expands, the federal government continues to run large and growing budget deficits that exceed $2 trillion per year and a debt burden eclipsing annual economic output. With debt pressures continuing to grow, Congress is almost certain to return to considering a constitutional amendment to bring the federal government’s spending and revenue into balance. Congress has attempted to pass BBAs in the past, but none have succeeded despite their proliferation among advanced economies.
In Fiscal Democracy in America, Kurt Couchman argues for a principles-based balanced budget amendment (BBA) that would let Congress phase out the gap between revenue and non-interest spending over a 10-year period to restore fiscal space for emergencies while encouraging Congress to overhaul the dysfunctional federal budget process. Couchman explores America's financial history, the dangers of high and rising debt burdens, and examples of other countries, state governments, and the U.S. federal government itself moving toward healthier budgeting practices. He particularly seeks to lay out neutral, predictable rules for sound governance so that members of Congress can holistically and responsibly manage federal spending and tax policies to provide ever-greater value for the American people. Aimed at policymakers and the public across the political spectrum, Couchman's proposals would guide America toward a more prosperous and democratic future.
Pages
276 pages
Collection
n.c
Parution
2025-07-28
Marque
Palgrave Macmillan
EAN papier
9783031919374
EAN PDF
9783031919381
Informations sur l'ebook
Nombre pages copiables
2
Nombre pages imprimables
27
Taille du fichier
5540 Ko
Ce livre est accessible aux handicaps Voir les informations sur l'accessibilité
Prix
34,80 €
EAN EPUB
9783031919381
Informations sur l'ebook
Nombre pages copiables
2
Nombre pages imprimables
27
Taille du fichier
4639 Ko
Ce livre est accessible aux handicaps Voir les informations sur l'accessibilité
Prix
34,80 €

Kurt Couchman is a senior fellow in fiscal policy for Americans for Prosperity.

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