The Federal Budget

The Federal Budget
Author: Allen Schick
Publisher: Brookings Institution Press
Total Pages: 362
Release: 2008-05-31
Genre: Business & Economics
ISBN: 0815777329

The federal budget impacts American policies both at home and abroad, and recent concern over the exploding budgetary deficit has experts calling our nation's policies "unsustainable" and "system-dooming." As the deficit continues to grow, will America be fully able to fund its priorities, such as an effective military and looking after its aging population? In this third edition of his classic book The Federal Budget, Allen Schick examines how surpluses projected during the final years of the Clinton presidency turned into oversized deficits under George W. Bush. In his detailed analysis of the politics and practices surrounding the federal budget, Schick addresses issues such as the collapse of the congressional budgetary process and the threat posed by the termination of discretionary spending caps. This edition updates and expands his assessment of the long-term budgetary outlook, and it concludes with a look at how the nation's deficit will affect America now and in the future. "A clear explanation of the federal budget... [Allen Schick] has captured the politics of federal budgeting from the original lofty goals to the stark realities of today."—Pete V. Domenici, U.S. Senate

Hard Times and New Deal in Kentucky

Hard Times and New Deal in Kentucky
Author: George T. Blakey
Publisher: University Press of Kentucky
Total Pages: 271
Release: 2014-07-15
Genre: History
ISBN: 0813162130

The Great Depression and the New Deal touched the lives of almost every Kentuckian during the 1930s. Fifty years later the Commonwealth is still affected by the legacies of that era and the policies of the Roosevelt administration. George T. Blakey has written the first full study of this turbulent decade in Kentucky, and he offers a fresh perspective on the New Deal programs by viewing them from the local and state level rather than from Washington. Thousands of Kentuckians worked for New Deal programs such as the Civilian Conservation Corps and the Works Projects Administration; thousands more kept their homes through loans from the Home Owners Loan Corporation. Tobacco growers adopted new production techniques and rural farms received their first electricity because of the Agricultural Adjustment and Rural Electrification administrations. The New Deal stretched from the Harlan County coal mines to a TVA dam near Paducah, and it encompassed subjects as small as Social Security pension checks and as large as revived Bourbon distilleries. The impact of these phenomena on Kentucky was both beneficial and disruptive, temporary and enduring. Blakey analyzes the economic effects of this unprecedented and massive government spending to end the depression. He also discusses the political arena in which Governors Laffoon, Chandler, and Johnson had to wrestle with new federal rules. And he highlights social changes the New Deal brought to the Commonwealth: accelerated urbanization, enlightened land use, a lessening of state power and individualism, and a greater awareness of Kentucky history. Hard Times and New Deal weaves together private memories of older Kentuckians and public statements of contemporary politicians; it includes legislative debates and newspaper accounts, government statistics and personal reminiscences. The result is a balanced and fresh look at the patchwork of emergency and reform activities which many people loved, many others hated, but no one could ignore.