Public Policy and Economics:
Incrementalism with a Vengeance
I. Economic Theories
A. Laissez Faire
B. Keynesianism
C. Monetarism
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