Public Policy and Economics: 

Incrementalism with a Vengeance

I.  Economic Theories

    A.    Laissez Faire

    B.    Keynesianism

    C.    Monetarism

    D.    Supply Side Economics

II.    Incrementalism (Federal Government spending: 1, 2, 3)

    A.    Incidence

    B.    Causes

    C.    Effects

    D.    Alternatives

III.    "Controllables" and "Uncontrollable" Expenditures

    A.    Uncontrollables and Entitlements

    B.    Controllables

    C.    Significance (1975 Report:  Part I & Part 2 - Still Relevant)

IV.    National Debt (who holds the National Debt; foreign holdings)

    A.    Growth:  FDR-Bush Obama Budget - Graph

    B.    Causes

    C.     Significance (consequences)

    D.    Solutions (balanced budget amendment-con; pro)

V.    The Budgetary Process

    A.    The Executive Budget

            1.     Authority

            2.     Receipts

            3.     Expenditures

    B.    Process

            1.     OMB

            2.     CBO

            3.     Congressional Action

            4.     Presidential Action

    C.     Political Nature

Key Web Sites

Basic Concepts and FAQ

The Federal Budget

A Blog on the National Debt

Thomas Jefferson on Government Debt