Journal of Economic Perspectives
ISSN 0895-3309 (Print) | ISSN 1944-7965 (Online)
Is There a Bias toward Excess in U.S. Government Budgets or Deficits?
Journal of Economic Perspectives
vol. 6,
no. 2, Spring 1992
(pp. 25–43)
(Complimentary)
Abstract
Do the political institutions of a majoritarian representative democracy, and in particular those of the United States, systematically produce either levels of public spending or budget deficits that are excessive? Should U.S. political institutions be altered by constitutional amendment to deal with these problems? I will start by examining the issue of public spending, and then turn to the question of budget deficits.Citation
Schultze, Charles L. 1992. "Is There a Bias toward Excess in U.S. Government Budgets or Deficits?" Journal of Economic Perspectives, 6 (2): 25–43. DOI: 10.1257/jep.6.2.25JEL Classification
- H60 National Budget, Deficit, and Debt: General
- H50 National Government Expenditures and Related Policies: General
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