04507nam 22006135 450 991101874780332120250728130310.0978303191938110.1007/978-3-031-91938-1(CKB)39767046300041(DE-He213)978-3-031-91938-1(MiAaPQ)EBC32256181(Au-PeEL)EBL32256181(EXLCZ)993976704630004120250728d2025 u| 0engur|||||||||||txtrdacontentcrdamediacrrdacarrierFiscal Democracy in America How a Balanced Budget Amendment Can Restore Sound Governance /by Kurt Couchman1st ed. 2025.Cham :Springer Nature Switzerland :Imprint: Palgrave Macmillan,2025.1 online resource (XXI, 276 p. 25 illus., 6 illus. in color.) 9783031919374 Chapter 1: Introduction: The growing federal debt burden reflects a broken system -- Chapter 2: Bad budgeting is catching up with us -- Chapter 3: Coming back from the brink -- Chapter 4: The rise of the balanced budget amendment -- Chapter 5: Flawed BBAs cannot deliver -- Chapter 6: Constitutions are primarily collections of principles -- Chapter 7: Next-generation BBAs emerge -- Chapter 8: A well-crafted BBA stands up to criticism -- Chapter 9: Implementing Legislation for a Principles-Based BBA -- Chapter 10: Budget balance requires a functioning federal budget process -- Chapter 11: Taking federal budgeting to the next level -- Appendix: Balanced budget amendment proposals -- Index.This book explores the U.S. federal government’s need for binding budget targets to recover fiscal sustainability and boost economic growth. It details the flaws in past balanced budget amendment proposals, outlines the features of a promising new approach with broad appeal, and how the amendment might be adopted and implemented in today's political climate. Even as the U.S. economy expands, the federal government continues to run large and growing budget deficits that exceed $2 trillion per year and a debt burden eclipsing annual economic output. With debt pressures continuing to grow, Congress is almost certain to return to considering a constitutional amendment to bring the federal government’s spending and revenue into balance. Congress has attempted to pass BBAs in the past, but none have succeeded despite their proliferation among advanced economies. In Fiscal Democracy in America, Kurt Couchman argues for a principles-based balanced budget amendment (BBA) that would let Congress phase out the gap between revenue and non-interest spending over a 10-year period to restore fiscal space for emergencies while encouraging Congress to overhaul the dysfunctional federal budget process. Couchman explores America's financial history, the dangers of high and rising debt burdens, and examples of other countries, state governments, and the U.S. federal government itself moving toward healthier budgeting practices. He particularly seeks to lay out neutral, predictable rules for sound governance so that members of Congress can holistically and responsibly manage federal spending and tax policies to provide ever-greater value for the American people. Aimed at policymakers and the public across the political spectrum, Couchman's proposals would guide America toward a more prosperous and democratic future. Kurt Couchman is a senior fellow in fiscal policy for Americans for Prosperity.AmericaPolitics and governmentPolitical sciencePolitical planningFinance, PublicAmerican PoliticsGovernance and GovernmentPolicy AdoptionPublic FinancePolicy ImplementationAmericaPolitics and government.Political science.Political planning.Finance, Public.American Politics.Governance and Government.Policy Adoption.Public Finance.Policy Implementation.320.9Couchman Kurtauthttp://id.loc.gov/vocabulary/relators/aut1836652MiAaPQMiAaPQMiAaPQBOOK9911018747803321Fiscal Democracy in America4414848UNINA