Checks Unbalanced: The Quiet Side of Public Spending

Herman B. Leonard, Author Basic Books $18.95 (289p) ISBN 978-0-465-00973-2
More than $500 billion in nonappropriated public funds (a sum half the size of the Federal budget) are spent each year without the explicit consent of American taxpayers. Leonard, an economist at Harvard University, identifies and examines the fiscal consequences of what he calls ""quiet spending.'' Quiet spending programs, such as Social Security, Federal loans, and Federal retirement programs share two features, according to the authorthe lack of accurate information about the sums involved, and secondly, these programs evade the accountability and scrutiny of the annual appropriations processes. To control this hidden public spending, Leonard urges that programs now funded with non-appropriated public money be brought into the political hurly-burly of the appropriations process. The issues raised here are important, yet this ponderously written if comprehensive study is likely to be read only by economists and public policy specialists. (April 25)
Reviewed on: 01/01/1986
Release date: 01/01/1986
Paperback - 304 pages - 978-0-465-00974-9
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