Political Science 2244E Chapter Notes - Chapter 1: Joseph Schumpeter, Participatory Democracy, Budget Control Act Of 2011

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An expected national debt of more than trillion, much of it borrowed from foreign nations, was projected to balloon to trillion by 2025. The budget control act of 2011 had called for long- term deficit reduction, but when the. White house and congress could not reach agreement in 2013, automatic spending cuts k(cid:374)o(cid:449)(cid:374) as (cid:862)se(cid:395)uest(cid:396)atio(cid:374)(cid:863) went into effect, and the federal government even shut down for 16 days in october 2013. Either spend and borrow less, or tax more, or both. The fundamental government finance problems were political, not mathematical. People dis- agreed not only over how much the federal government should tax and spend, but also over whether it should involve itself at all in various endeavors. Issue: a conflict, real or apparent, between the interests, ideas, or beliefs of different citizens. Whatever form issues take; they are the raw materials of politics.

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