Tax Policy Center

Dwight Eisenhower

Federal Budget and Economy: TaxVox
Yesterday, I described President Eisenhower’s remarkable success in turning a large deficit in fiscal 1959 into a balanced budget in 1960. It was one of the biggest fiscal consolidations since World War II. Although it was a very different time, there are lessons relevant to today’s fiscal
December 18, 2012Rudolph G. Penner
Federal Budget and Economy: TaxVox
The election results did not change the political status quo, and the status quo has not been conducive to solving the nation’s festering fiscal problems. In his victory speech President Obama pledged to seek bipartisan cooperation in solving problems, though it is not going so well so far. But we
December 17, 2012Rudolph G. Penner