Aiming to present a neutral approach to the US federal budget, this text provides a detailed explanation of the intricacies of the budget, its history, and the institutional details that create it. It includes discussions of taxes, entitlements, welfare, social security, Medicare, agricultural subsidies, trust funds, budget enforcement, and the politics of the deficit and deficit-reduction. The text traces how spending and tax bills originate and follows them as they make their way through a maze of congressional procedures, regulations, and protocols.
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The deficit, public debt, trust funds, and entitlements--everyday topics, but frequently misunderstood. Gary Evans takes students of the budget process through an interesting and thought-provoking tour of components of the budget. Anyone who wants to understand current budget problems and entitlement reform in the United States should read this book. --R. GLENN HUBBARD, RUSSELL L. CARSON Professor of Economics and Finance, Senior Vice Dean, Columbia Business School
Gary R. Evans is the co-principal of Bora Software, a corporation that specializes in automated cashflow models, and was the primary Programmer for the Bora Credit Evaluation and Cashflow Model used by the Federal Reserve System and the Federal Deposit Insurance Corporation to train bank regulators. Evans is the author of several books, including Macroeconomics (with Howard Sherman), and is a professor at Harvey Mudd College and the Peter F. Drucker Graduate Management Center. His area of specialty is fiscal and monetary policy and automated (computerized) information systems.
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