THE ECONOMIC CONSEQUENCES OF MR. BUSH: The Budget Arithmetic Test

Lee Price and Max Sawicky

Challenge, 2005, vol. 48, issue 1, pages 29-51

Abstract: The Bush administration's fiscal policies have put the budget on an unsustainable path, jeopardizing the entirety of federal domestic programs. Two economists show how politically untouched options--tax increases, restraint in spending on defense and health care, and abandonment of balanced budget rhetoric--will become inescapable choices when financial markets reject the extent of prospective federal borrowing implied by current policies.

Date: 2005

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