Title

George W. Bush and the Return to Deficit Finance

Document Type

Article

Journal/Book Title/Conference

Public Choice

Volume

118

Publication Date

2004

First Page

223

Last Page

234

Abstract

Two noteworthy events were underway at the twenty-first century’s turn. One was the long and anxious buildup to Y2K, followed by the quiet fizzle of the overblown prophecies flogged by the media of IT Armageddon. The other was that the US federal budget was in the midst of its longest period of sustained surpluses since before the Second World War. It would last precisely four years.

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