Get 20M+ Full-Text Papers For Less Than $1.50/day. Start a 14-Day Trial for You or Your Team.

Learn More →

A History (and Future) of the Budget Process in the United StatesIn Pursuit of Full Employment

A History (and Future) of the Budget Process in the United States: In Pursuit of Full Employment [The government and the economy became seen as inseparable by many policymakers by the 1960s. Full employment and stable prices were the principal economic objectives of the period and acted as a driving force behind new legislation, including the Great Society programs. The Office of Management and Budget had become central to not only executing financial plans but also overseeing the management of agencies. President Nixon would push the powers amassed during the last fifty years too far and Congress responded by introducing significant reforms to the budget process. However, economic policy would remain consistent and the budget process reforms would only place Congress in a formal role within the executive budget process still driven by the presidency.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

A History (and Future) of the Budget Process in the United StatesIn Pursuit of Full Employment

Download PDF
27 pages

Loading next page...
 
/lp/springer-journals/a-history-and-future-of-the-budget-process-in-the-united-states-in-bPTCI5igXh
Publisher
Springer International Publishing
Copyright
© The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2019
ISBN
978-3-030-30958-9
Pages
141 –168
DOI
10.1007/978-3-030-30959-6_6
Publisher site
See Chapter on Publisher Site

Abstract

[The government and the economy became seen as inseparable by many policymakers by the 1960s. Full employment and stable prices were the principal economic objectives of the period and acted as a driving force behind new legislation, including the Great Society programs. The Office of Management and Budget had become central to not only executing financial plans but also overseeing the management of agencies. President Nixon would push the powers amassed during the last fifty years too far and Congress responded by introducing significant reforms to the budget process. However, economic policy would remain consistent and the budget process reforms would only place Congress in a formal role within the executive budget process still driven by the presidency.]

Published: Oct 26, 2019

There are no references for this article.