Red Ink

Red Ink : Budget, Deficit and Debt of the U.S. Government

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Aiming to present a neutral approach to the US federal budget, this text provides a detailed explanation of the intricacies of the budget, its history, and the institutional details that create it. It includes discussions of taxes, entitlements, welfare, social security, Medicare, agricultural subsidies, trust funds, budget enforcement, and the politics of the deficit and deficit-reduction. The text traces how spending and tax bills originate and follows them as they make their way through a maze of congressional procedures, regulations, and protocols.
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Product details

  • Hardback | 336 pages
  • 147.32 x 226.06 x 17.78mm | 294.83g
  • Academic Press Inc
  • San Diego, United States
  • English
  • b&w illustrations, colour illustrations, tables, glossary
  • 012244079X
  • 9780122440793

Table of contents

The deficit and the debt; the historical origins of the debt in the present era; the line-item budget; individual agency budgets; entitlements, social security and Medicare; trust funds and the emerging issues of the 21st century; the legal framework for budget enforcement; the 104th Congress and the budgetary revolution.
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