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A History (and Future) of the Budget Process in the United StatesThe End of Balanced Budgets

A History (and Future) of the Budget Process in the United States: The End of Balanced Budgets [The government grew in size, scope, and responsibility during the Great Depression. By the end of World War II, the dominate position of public policy was that the government had a formal role in promoting economic outcomes. As the government grew to take on new roles, a reorganization became necessary. The new budgeting institutions, in particular the Bureau of the Budget, took on additional responsibilities. Congress and the White House also formerly engaged in a comprehensive policy to replace tariffs with taxes to finance federal spending but also to manage individual behavior. At the same time, the government came to be seen as having an active role in the economy. This was exemplified by the New Deal programs and the Employment Act of 1946.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

A History (and Future) of the Budget Process in the United StatesThe End of Balanced Budgets

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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
109 –139
DOI
10.1007/978-3-030-30959-6_5
Publisher site
See Chapter on Publisher Site

Abstract

[The government grew in size, scope, and responsibility during the Great Depression. By the end of World War II, the dominate position of public policy was that the government had a formal role in promoting economic outcomes. As the government grew to take on new roles, a reorganization became necessary. The new budgeting institutions, in particular the Bureau of the Budget, took on additional responsibilities. Congress and the White House also formerly engaged in a comprehensive policy to replace tariffs with taxes to finance federal spending but also to manage individual behavior. At the same time, the government came to be seen as having an active role in the economy. This was exemplified by the New Deal programs and the Employment Act of 1946.]

Published: Oct 26, 2019

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