TABLE OF CONTENTS

Preface

Chapter 1 The Deficit and the Debt

Chapter 2 The Historical Origins of the Debt

Chapter 3 The Deficit and the Debt in the Present Era

Chapter 4 The Line-item Budget

Chapter 5 Individual Agency Budgets

Chapter 6 Entitlements, Social Security, and Medicare

Chapter 7 Trust Funds and the Emerging Issues of the Twenty-first Century

Chapter 8 The Legal Framework for Budget Enforcement

Chapter 9 The Economic Impact of Deficits and Deficit Reduction

Chapter 10 Epilogue

Annotated Bibliography

Appendixes

• Appendix A: Financing the Deficit: The Market for Marketable U.S. Treasury Securities
• Appendix B: The Difference Between U.S. Governement Outlays and Government Purchases
• Appendix C: Accrual, Cash, and Capital Accounting and Budgeting
• Appendix D: Outlays by Function, Subfunction, and Major Program
• Appendix E: The Republican Contract with America
• Appendix F: The Balanced Budget Amendment
• Appendix G: The Welfare Reform Act of 1996

Glossary

Index