Weitere Kapitel dieses Buchs durch Wischen aufrufen
Federal debt and deficit issues are of grave concern in the United States. Congress enforces US debt limitations pursuant to its constitutional authority to control spending and borrowing. Since 2001 Congress has modified the debt limit 14 times. State and local debt and deficit issues are equally serious. The debate is ongoing as to what reforms will effectively address these pressing concerns. On the federal level the proposed solutions include a balanced budget amendment, elimination of the debt limit altogether, and consideration of failure to pay the US debt a constitutional violation based on the “Public Debt Clause,” which, it is argued, allows violations to be justiciable, on the one hand, and focusing on growth rather than debt and deficit on the other. On the State and municipal level proposals range from relying on market mechanisms, imposing constitutional limits on debt, tying the debt threshold to annual revenue, and submitting issuance of bonds or other indebtedness to the electorate for approval. The debate continues.
Bitte loggen Sie sich ein, um Zugang zu diesem Inhalt zu erhalten
Sie möchten Zugang zu diesem Inhalt erhalten? Dann informieren Sie sich jetzt über unsere Produkte:
Abramowicz, Michael. Train Wrecks, Budget Deficits, and the Entitlements Explosion: Exploring the Implications of the Fourteenth Amendment’s Public Debt Clause . Social Science Research Network. 2011. http://papers.ssrn.com/abstract=1874746. Accessed 6 April 2015.
Allen, Kenneth J. Federal Grant Practice. § 1.6 Mandatory and Discretionary Spending. Thomson Reuters, 2013.
Austin, Andrew D. Overview of the Federal Debt. 2011. Congressional Research Service. http://fpc.state.gov/documents/organization/168673.pdf. Accessed 5 April 2015.
Austin, D. Andrew and Mindy R. Levit. The Debt Limit: History and Recent Increases. 2013. Congressional Research Service. http://www.fas.org/sgp/crs/misc/RL31967.pdf. Accessed 2 April 2015.
Austin, D. Andrew and Mindy R. Levit. The Debt Limit: History and Recent Increases. 2014. Congressional Research Service. http://www.senate.gov/CRSReports/crs-publish.cfm?pid='0E%2C*P%5C%3F%3D%23%20%20%20%0A. Accessed 2 April 2015.
Bayley, Rafael A. 1970. The National Loans of the United States from July 4, 1776, to June 30, 1880 (2d ed. facsimile reprint).
Bomey, Nathan, Brent Snavely, and Alisa Priddle. 10 Revealing Exchanges: How Judge Rhodes is Conducting Detroit’s Bankruptcy. 2013. Detroit Free Press. http://www.freep.com/article/20131124/NEWS01/311240064/judge-steven-rhodes-detroit-bankrupt. Accessed 6 April 2015.
Briffault, Richard. Foreword: The Disfavored Constitution: State Fiscal Limits and State Constitutional Law. Rutgers Law Journal. 2003;34:907–957.
Buchanan, Neil H. and Michael C. Dorf. How to Choose the Least Unconstitutional Option: Lessons for the President (and Others) from the Debt Ceiling Standoff. Columbia Law Review 2012;112:1175–1243.
Center on Budget and Policy Priorities. Policy Basics: Introduction to the Federal Budget Process. 2014. http://www.cbpp.org/cms/?fa=view&id=155. Accessed 5 April 2015.
Cohen, Tom, Greg Botelho, and Holly Yan. Obama Signs Bill to End Partial Shutdown, Stave Off Debt Ceiling Crisis. Cable News Network. 2013. http://www.cnn.com/2013/10/16/politics/shutdown-showdown/. Accessed 11 November 2013.
Congressional Budget Office. An Introduction to the Congressional Budget Office. 2015. http://www.cbo.gov/sites/default/files/cbofiles/attachments/2015-IntroToCBO.pdf. Accessed 5 April 2015.
Congressional Budget Office. The Economic and Budget Outlook: An Update. 1995. U.S. Government Printing Office.
Congressional Budget Office. Overview. http://www.cbo.gov/about/overview.
Coniglio, James A. State and Local Government Debt Financing, Constitutional Considerations. In: Gelfand, M., ed. State and Local Government Debt Financing, vol. 1 (2d ed) Wilmette: Callaghan, 2013.
Davidson, Paul. 2011. A Primer on the Debt-Ceiling Debate . USA Today, July 29.
Department of the Treasury. Letter from Jacob Lew to John Boehner. 2013. http://www.treasury.gov/initiatives/Documents/082613%20Debt%20Limit%20Letter%20to%20Congress.pdf. Accessed 5 April 2015.
Dwyer, Devin and Sunlen Miller. Debt-Ceiling Deal: President Obama Signs Bill as Next Fight Looms. 2011. American Broadcasting Company News. http://abcnews.go.com/politics/debt-ceiling-deal-president-obama-signs-bill-as-next-fight-looms/story?id=14213050. Accessed 5 April 2015.
Economist. Detroit – Bankruptcy or Bust. (2013, November 15). http://www.economist.com/blogs/democracyinamerica/2013/11/detroit. Accessed 15 April 2015.
Heniff, Jr., Bill. Overview of the Authorization-Appropriations Process. 2012. Congressional Research Service. http://www.senate.gov/CRSReports/crs-publish.cfm?pid='0DP%2BPLW%3C%22%40%20%20%0A. Accessed 5 April 2015.
Inman, Robert P. and Michael A. Fitts. Political Institutions and Fiscal Policy: Evidence from the U.S. Historical Record. The Journal of Law, Economics, & Organization . 1990;6:79–132. CrossRef
Joyce, Phillip G. and Robert D. Reischauer. Deficit Budgeting: the Federal Budget Process and Budget Reform. Harvard Journal on Legislation . 1992;29:429–453.
Koch, Charles H. Administrative Law and Practice. Thomson Reuters, 2013.
Levit, Mindy R., Clinton T. Bass, Thomas J. Nicola, and Dawn Nuschler. Reaching the Debt Limit: Background and Potential Effects on Government Operations. Congressional Research Service. 2013. http://www.fas.org/sgp/crs/misc/R41633.pdf. Accessed 5 April 2015.
McCubbins, Matthew D. Budget Policy-Making and the Appearance of Power. The Journal of Law, Economics, & Organization. 1990;6:133–153. CrossRef
Monkkonen, Eric H. The Local State: Public Money and American Cities. Redwood City, Calif.: Stanford, 1995.
National Conference of State Legislatures. NCSL Fiscal Brief: State Balanced Budget Provisions. National Conference of State Legislatures. 2010. http://www.ncsl.org/documents/fiscal/statebalancedbudgetprovisions2010.pdf. Accessed 6 April 2015.
Nolan, Kelly. Largest Municipal Bankruptcy Filed, 2011. Wall Street Journal, Nov. 10, 2011, http://online.wsj.com/article/SB10001424052970204224604577028491526654.
Noll, Franklin. 2008. The United States Public Debt, 1861 to 1975. (Robert Whaples ed.). http://eh.net/encyclopedia/the-united-states-public-debt-1861-to-1975/ Accessed 5 April 2015.
Office of Management and Budget. Fiscal Year 2014: Analytical Perspectives. Washington: U.S. Government Printing Office, 2013.
Office of Management and Budget. Historical Tables: Budget of the U.S. Government Fiscal Year 2010. Washington: U.S. Government Printing Office, 2009.
Office of Management and Budget. The Mission and Structure of the Office of Management and Budget. http://www.whitehouse.gov/omb/organization_mission. Accessed 5 April 2015.
Reuters. U.S. Treasury to Reach Debt Limit by Mid-October. CNBC. 2013. http://www.cnbc.com/id/100968088. Accessed 5 April 2015.
Rubin, Dale F. Constitutional Aid Limitation Provisions and the Public Purpose Doctrine. Saint Louis University Public Law Review . 1993;12:143–167.
Schragger, Richard C. Democracy and Debt. Yale Law Journal 2012;121:860–886.
Super, David A. 2005. Rethinking Fiscal Federalism. Harvard Law Review 118:2544–2652.
Tollestrup, Jessica. The Congressional Appropriations Process: An Introduction. Congressional Research Service. 2014. http://www.senate.gov/CRSReports/crs-publish.cfm?pid=%260BL%2BP%3C%3B3%0A. Accessed 29 March 2015.
Viser, Matt. Shutdown Fight Reveals Deeper Splits within GOP. 2013. Boston Globe, September 30.
Weisman, Jonathan. House G.O.P. Raises Stakes in Debt-Ceiling Fight. New York Time s, September 26, 2013.
Wessel, David. 2013. Lawrence Summers on Deficits and Growth. Wall Street Journal. http://www.wsj.com/articles/SB10001424052702303531204579207772409136570. Accessed 6 April 2015.
- Limitations on Government Debt and Deficits in the United States
Ved P. Nanda
- Chapter 12
Neuer Inhalt/© Stellmach, Neuer Inhalt/© BBL, Neuer Inhalt/© Maturus, Pluta Logo/© Pluta, Neuer Inhalt/© hww, Neuer Inhalt/© julien tromeur | Fotolia