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

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  • Lee Price
  • Max Sawicky

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.

Suggested Citation

  • Lee Price & Max Sawicky, 2005. "THE ECONOMIC CONSEQUENCES OF MR. BUSH : The Budget Arithmetic Test," Challenge, Taylor & Francis Journals, vol. 48(1), pages 29-51.
    • Handle: RePEc:mes:challe:v:48:y:2005:i:1:p:29-51
    DOI: 10.1080/05775132.2005.11034281
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