Description
Book SynopsisThe author indicates that war expenditures have been the most important single cause of the increase in the federal debt, with government countercyclical expenditures second. Increase in state and local debts is found to be largely due to the technological revolution. Originally published in 1961. The Princeton Legacy Library uses the latest prin
Table of Contents*Frontmatter, pg. i*Contents, pg. ix*Tables, pg. xi*Foreword, pg. xv*Preface, pg. xxiii*CHAPTER I. Introduction, pg. 1*CHAPTER II. Capital Requirements and the Budget, pg. 18*CHAPTER III. A Further Historical Review, pg. 37*CHAPTER IV. Are There Patterns in State and Local Requirements?, pg. 64*CHAPTER V. Changing Responsibilities for Meeting Financial Requirements, pg. 87*CHAPTER VI. Fiscal Flexibility and Countercyclical Financial Requirements, pg. 104*CHAPTER VII. Some Fiscal Developments That Affect the Growth of Public Debts, pg. 129*CHAPTER VIII. The Requirements of National Security and International Aid, pg. 147*CHAPTER IX. Trends and Prospects, pg. 165*APPENDIX A. Additional Notes on the Tables, pg. 181*APPENDIX B. Statistical Compilations, Books, and Other Documents Cited, pg. 204*Index, pg. 209
