American Fiscal Policy: Trends, Effects, and Implications
This text by William Gale and Peter Orszag is a critical and theoretical analysis of Bush's budgetary policies since 2000.
William Gale and Peter Orszag (Brookings Institution) elaborate on the theoretical debate dealing with the links between deficits, savings and interest rates. Along with this analysis, they make a critical assessment of Bush's budgetary policies. They underline the lack of sustainability of the budgetary course adopted by the Bush administration. The text was written in December 2004.