Public Opinion and the Balanced Budget
AbstractWhile most Americans have long favored a balanced federal budget , not all do. This paper uses cross-sectional differences among respondents to two public opinion polls to try to discriminate among competing hypotheses about why Americans want the budget balanced. Logit models are fit to data from two different public opinion polls : a Gallup poll and a CBS/New York Times poll conducted , respectively, in March and April of 1980, a time when the proposed balanced budget amendment to the Constitution was very much in the news. In each case , a large majority favored a balanced budget requirement. However, they favor it for a smorgasbord of reasons and at unclear price. It appears that political affiliation, ideology and personal circumstances are far less important determinants of the choice than economic rationales.
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Bibliographic InfoPaper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 1234.
Date of creation: Nov 1983
Date of revision:
Publication status: published as Blinder, Alan S. and Douglas Holtz-Eakin. "Public Opinion and the Balanced Budget." American Economic Review, Vol. 74, No. 2, (May 1984), pp. 144-14 9.
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