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Journal of Economic Perspectives: Vol. 6 No. 2 (Spring 1992)
JEP Volume. 6, Issue 2 | 
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Is There a Bias toward Excess in U.S. Government Budgets or Deficits?
Article 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.6.2.25
DOI: 10.1257/jep.6.2.25
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.
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Authors
Schultze, Charles L. (Brookings Institution)
JEL Classifications
H60: National Budget, Deficit, and Debt: General
H50: National Government Expenditures and Related Policies: General
H50: National Government Expenditures and Related Policies: General
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