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Balancing Act: Washington's Troubled Path to a Balanced Budget

by George Hager

List Price:$19.00
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Average Rating:5 out of 5 stars
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Editorial Reviews
Product Description
"A compelling book on budget-balancing, past and present. Not only is it a useful historical reference work but it is amazingly relevant to today's headlines." --Business Week

Why did it take twenty-five years to balance the federal budget? And why did that goal seem politically impossible up until the last possible moment? Why hasn't the nation achieved a single budget surplus since 1969? Why did the first Republican Congress since the 1950s fail so miserably to redeem its most important promise to voters? In Balancing Act, George Hager and Eric Pianin, two of the country's top  political journalists, provide fascinating answers.

The question of the deficit is the reigning obsession of modern politics. Never simply a quarrel over numbers, the deficit has always been a moral issue as well as a fiscal one--a bitter fight to the political death over competing ideas about the right to shape the nation's values and to proclaim publicly what those values are. Bringing key political players like Newt Gingrich, Bill Clinton, Ronald Reagan, and George Mitchell vividly to life, Hager and Pianin provide a gripping and revealing look at what goes on behind the closed doors of Capitol Hill.

"Vivid . . . provocative . . . rich in anecdote and drama, [Balancing Act] is a useful primer on the history of deficit spending"
--Los Angeles Times


All Customer Reviews
Average Customer Review:5 out of 5 stars
1 of 1 people found the following review helpful:

5 out of 5 starsThis thorough and enjoyable book reads like a good novel!, 1999-06-18
When assigned to read a book that covered the history of the budget deficit crisis for my Grad school class I was less than overwhelmed with excitement. However, these authors make the complicated history of the budget so interesting and gripping, I couldnt put it down. Though a slow reader, i must admit, I was able to finish this off in less than a week. The discussions it inspired in class were lively and germane to the world today. I could not recommend this book more highly!


0 of 0 people found the following review helpful:

5 out of 5 starsGreat book, but it's Mirage, which they published in 1997, 1999-01-03
This is almost the same book as Mirage, published by the same authors in 1997. The only difference I noticed after a quick review in the bookstore is the addition of a 20-25 page epilogue that deals with the recent budget surplus and how it came to be. The epilogue is good, but I wish it were longer.

Mirage/Balancing Act is a great book. If you read David Stockman's The Triumph of Politics, and wondered how we got out of the budgetary hole in which we found ourselves about the time of Stockman's departure, Mirage/Balancing Act is an fascinating update. Happily, Mirage/Balancing Act is even more balanced than Stockman's work.

Hager and Pianin have a transparent writing style that is a pleasure to read. As a result, the reader effortlessly absorbs the detailed information that they present.

Perhaps Mirage/Balancing Act will receive the attention it merits when Congress and the President face up to the still-considerable budgetary issues that remain to be resolved on a more permanent basis than they have been to date. Read this book and stay tuned.




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