Description - Deficits, Debt, and American Politics: Paper Shackles by Marc Allen Eisner
- Chronicles the history of the US national debt in the postwar period, placed in the context of broader changes in the political economy and partisan politics.
- Demonstrates that the national debt is in part a product of reduced revenues and the growing costs of the largest entitlement programs, but it also reflects a long series of shocks, including two wars, the financial crisis and Great Recession, and the COVID-19 pandemic.
- Situates the growth of the debt in a larger historical and political economic context, focusing on the postwar decades, prefacing this examination with chapters that provide readers with a clear understanding of public finance, taxation, mandatory spending, and the budgetary process from a policy perspective.
- Assumes little prior knowledge on the part of the reader, making it an ideal book for courses on public policy and political economy taught at both the upper-level undergraduate and graduate level, as well as for courses engaging the deficit and debt.
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