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Federal Budget Policy (Spring 2015)

Class Four -- Friday, February 6th

In today's class, the assignment comes in three parts. 1. Look Over the President’s Budget. 2. In today's class, we will turn our attention to the economics of federal deficits and debt. For an introduction to the subject, read over Fiscal Challenges: Chapter Five: Michael J. Boskin, Economic Perspectives on Federal Deficits and Debt. [As an optional reading, see also Schick, The Federal Budget: Chapter Three, The Budget's Shifting Boundaries; Chapter Four, Budgetary Arithmetic.] 3. Please also read quickly one of the allocated briefing papers for today's class.