Balancing the Budget is a Progressive Priority
Balancing the Budget is a Progressive Priority

Author: Donald H. Taylor, Jr.

Publisher: Springer Science & Business Media

Published: 2012-04-23

Total Pages: 119

ISBN-13: 1461436648

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​​ ​ Progressives need a balanced federal budget more than Conservatives, because they believe that government has an important role to play in modern life. Lack of a long term plan to move toward a sustainable budget crowds out short term Progressive priorities: infrastructure spending, green technology, education and needed governmental interventions in the short term to support and improve our weak economy. The federal budget is unsustainable. For all the bluster of the debt ceiling debate, the plan passed so far does not address the changes most obviously needed if we are to ever have a balanced budget again: an increase in taxes and the next steps on health reform to address the biggest driver of our long term budget deficit, health care costs. Slowing the rate at which health care costs are growing is a necessary, but not a sufficient condition to developing a long range balanced budget. You should ask any politician saying they think a balanced budget is a priority one question: what is your health reform plan? Without one, they have no hope of achieving their goal. This book offers progressives solutions to health care reform and a balanced budget, and will be of interest to academics, students and educated readers interested in politics, public policy and government finance.

The Coming Collapse of America: How to Balance the Federal Budget
The Coming Collapse of America: How to Balance the Federal Budget

Author: Ken Casey

Publisher: Xlibris Corporation

Published: 2023-02-21

Total Pages: 236

ISBN-13: 1669867919

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This book is designed to solve the coming fiscal crisis in the US. Increasing debt will lead to hyperinflation within ten years. According to the CBO, if the US continues business as usual, the US will have a debt of $50 trillion in a decade. Investors will flee the US bond market and the Federal Reserve will end up paying off this debt with inflated currency (a technical but not actual default). Flooding our economy with fiat currency will result in hyperinflation and unemployment with the likelihood of a worldwide depression. The solution is not to increase the US debt. The only way this is possible is to balance the federal discretionary and mandatory budgets. Interest on the debt should be paid by the Federal Reserve without borrowing more money, i.e., just printing money. The easiest way to balance the budgets is to cut the military and Medicare budgets. Using President Biden’s proposed 2022 budget, we need to cut the military budget from $.8 trillion to $.3 trillion (still greater than China's and Russia’s combined military budget) and reduce Medicare expenses by 50%. Medicare expenses can be cut by providing a low option Medicare plan (subsidized to the extent of 50%) with significant coinsurance and co-payments.

Financial Strategy for Public Managers
Financial Strategy for Public Managers

Author: Sharon Kioko

Publisher:

Published: 2017-09-07

Total Pages:

ISBN-13: 9781927472590

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Financial Strategy for Public Managers is a new generation textbook for financial management in the public sector. It offers a thorough, applied, and concise introduction to the essential financial concepts and analytical tools that today's effective public servants need to know. It starts "at the beginning" and assumes no prior knowledge or experience in financial management. Throughout the text, Kioko and Marlowe emphasize how financial information can and should inform every aspect of public sector strategy, from routine procurement decisions to budget preparation to program design to major new policy initiatives. They draw upon dozens of real-world examples, cases, and applied problems to bring that relationship between information and strategy to life. Unlike other public financial management texts, the authors also integrate foundational principles across the government, non-profit, and "hybrid/for-benefit" sectors. Coverage includes basic principles of accounting and financial reporting, preparing and analyzing financial statements, cost analysis, and the process and politics of budget preparation. The text also includes several large case studies appropriate for class discussion and/or graded assignments.

Local Budgeting
Local Budgeting

Author: Anwar Shah

Publisher: World Bank Publications

Published: 2007

Total Pages: 410

ISBN-13: 0821369466

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Local budgeting serves important functions that include setting priorities, planning, financial control over inputs, management of operations and accountability to citizens. These objectives give rise to technical and policy issues that require open discussion and debate. The format of the budget document can facilitate this debate. This book provides a comprehensive treatment of all aspects of local budgeting needed to develop sound fiscal administration at the local level. Topics covered include fiscal administration, forecasting, fiscal discipline, fiscal transparency, integrity of revenue administration, budget formats, and processes including performance budgeting, and capital budgeting.

Budget Theory in the Public Sector
Budget Theory in the Public Sector

Author: Aman Khan

Publisher: Bloomsbury Publishing USA

Published: 2002-12-30

Total Pages: 314

ISBN-13: 0313076812

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Dominated by multiple, competing, and occasionally overlapping theories, the act of budgeting is by no means a staid, dispiriting task. Kahn, Hildreth, and their group of scholars and practitioners show that budgeting is an institutional process, an incremental decision-making tool, and when correctly applied becomes a tribute to managerial and administrative efficiency. Taken together, the chapters provide an unusually coherent conceptual foundation for budgeting as a legitimate field of study, and demonstrate yet again that in its current state the field is truly eclectic but compartmentalized. They also show why it is so difficult to come up with one unified theory of budgeting—and that is one of the book's major benefits. It opens new areas of inquiry that, in the opinion of Khan, Hildreth, and others, will generate renewed interest in probing the field's theory and applications. Understandable and readable for those with limited knowledge of the subject but needing a sufficiently useful grasp of its various issues and problems, the book is both an important reference work for scholars in the field and a practical guide for students of administration, their teachers, and for managers throughout the public sector.

Open
Open

Author: Kimberly Clausing

Publisher: Harvard University Press

Published: 2019-03-04

Total Pages: 361

ISBN-13: 0674919335

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A Financial Times Best Economics Book of the Year A Foreign Affairs Best Book of the Year A Fareed Zakaria GPS Book of the Week “A highly intelligent, fact-based defense of the virtues of an open, competitive economy and society.” —Fareed Zakaria “A vitally important corrective to the current populist moment...Open points the way to a kinder, gentler version of globalization that ensures that the gains are shared by all.” —Justin Wolfers “Clausing’s important book lays out the economics of globalization and, more important, shows how globalization can be made to work for the vast majority of Americans. I hope the next President of the United States takes its lessons on board.” —Lawrence H. Summers, former Secretary of the Treasury “Makes a strong case in favor of foreign trade in goods and services, the cross-border movement of capital, and immigration. This valuable book amounts to a primer on globalization.” —Richard N. Cooper, Foreign Affairs Critics on the Left have long attacked open markets and free trade agreements for exploiting the poor and undermining labor, while those on the Right complain that they unjustly penalize workers back home. Kimberly Clausing takes on old and new skeptics in her compelling case that open economies are actually a force for good. Turning to the data to separate substance from spin, she shows how international trade makes countries richer, raises living standards, benefits consumers, and brings nations together. At a time when borders are closing and the safety of global supply chains is being thrown into question, she outlines a clear agenda to manage globalization more effectively, presenting strategies to equip workers for a modern economy and establish a better partnership between labor and the business community.

The Deficit Myth
The Deficit Myth

Author: Stephanie Kelton

Publisher: PublicAffairs

Published: 2020-06-09

Total Pages: 311

ISBN-13: 1541736206

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A New York Times Bestseller The leading thinker and most visible public advocate of modern monetary theory -- the freshest and most important idea about economics in decades -- delivers a radically different, bold, new understanding for how to build a just and prosperous society. Stephanie Kelton's brilliant exploration of modern monetary theory (MMT) dramatically changes our understanding of how we can best deal with crucial issues ranging from poverty and inequality to creating jobs, expanding health care coverage, climate change, and building resilient infrastructure. Any ambitious proposal, however, inevitably runs into the buzz saw of how to find the money to pay for it, rooted in myths about deficits that are hobbling us as a country. Kelton busts through the myths that prevent us from taking action: that the federal government should budget like a household, that deficits will harm the next generation, crowd out private investment, and undermine long-term growth, and that entitlements are propelling us toward a grave fiscal crisis. MMT, as Kelton shows, shifts the terrain from narrow budgetary questions to one of broader economic and social benefits. With its important new ways of understanding money, taxes, and the critical role of deficit spending, MMT redefines how to responsibly use our resources so that we can maximize our potential as a society. MMT gives us the power to imagine a new politics and a new economy and move from a narrative of scarcity to one of opportunity.

Lion of the Senate
Lion of the Senate

Author: Nick Littlefield

Publisher: Simon and Schuster

Published: 2015-11-10

Total Pages: 528

ISBN-13: 1476796173

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An insider’s look at the two years when Senator Ted Kennedy held at bay both Newt Gingrich and his Republican majority: “For those who love politics and care about policy—and those looking for an account of how Washington used to work, Lion of the Senate is pure catnip” (USA TODAY). The November 1994 election swept a new breed of Republicans into control of the United States Congress. Led by Speaker of the House Newt Gingrich, the Republicans were determined to enact a radically conservative agenda that would reshape American government. Some wanted to shut down the government. If Gingrich’s “Contract with America” been enacted, they would have shredded the federal safety net, decimated the federal programs, and struck down the regulatory framework that protects health, safety, and the environment. And, were it not for Ted Kennedy, who had defeated Mitt Romney for his Senate seat in 1994, they would have succeeded. In Lion of the Senate Nick Littlefield and David Nexon describe never-before-disclosed maneuvers of closed-door meetings in which Kennedy galvanized his party, including the two pivotal years, 1995 and 1996, when the Republicans held control of Congress and he fought to preserve the mission of the Democratic Party in the face of the right-wing onslaught. Here is the nitty-gritty of Kennedy’s role, and the details of a fascinating, bare-knuckled, and frequently hilarious fight in the United States Senate. “Compelling…as a story about how the Senate operates—well, how the Senate used to operate—and a story about perhaps the greatest Senate lawmaker of the second half of the twentieth century, Lion of the Senate succeeds” (The Washington Post) as a political lesson for all time. With an introduction by Doris Kearns Goodwin, this is “a fine rendering that deserves a wide readership” (Kirkus Reviews).