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Honors Theses

2007

Government spending policy

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Deficit Reduction In The U.S. Senate : The Search For Moral Leadership In The Budget Process, David Kendall Roberts Jan 2007

Deficit Reduction In The U.S. Senate : The Search For Moral Leadership In The Budget Process, David Kendall Roberts

Honors Theses

Contemporary deficit reduction and fiscal responsibility are central to the economic wellbeing of future generations as well as their ability to freely decide their own policy priorities. Many scholarly publications and popular commentary on budget policy describe the obstacles to deficit reduction and political leaders' unwillingness to address the nation's long-term fiscal problems. However, current discussions of budget deficits and the national debt have not been informed by a comprehensive empirical analysis of attempts to reduce the deficit. This thesis examines all deficit-affecting floor amendments to budget legislation from 1975 to 2005 in order to assess whether the bleak account …