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1 1 (1990)

handle is hein.amenin/aeiaaek0001 and id is 1 raw text is: The 1980s was a decade dominated by debates over fiscal policy. This excellent set of papers places that debate and the 1980s in far clearer perspective. Winston Churchill once said that 'it is always wise to look ahead, but difficult to look further than you can see.' Balancing Act gives us the ability to look ahead with greater clarity. I congratulate AEI on an excellent job. PETE V. DOMENICI United States Senator Balancing Act is an appropriate title for a volume about fiscal policy in the eighties. The balancing act won't be any easier in the nineties, and those facing the task will profit from this clear statement of the policy options. DAVID STOCKMAN Former Director of the Office of Management and Budget Taxation, spending, the budget deficit, policy formation and imple- mentation-these are the topics addressed here by the nation's most seasoned policy makers and observers: Rudiger Dornbusch and James M. Poterba, on debt and deficits C. Eugene Steuerle, on tax policy Rudolph G. Penner, on federal spending Jack Kemp, on the prospect of the 1990s with commentaries by Bill Gradison, G. William Hoagland, Law- rence J. Korb, and others John H. Makin is director of fiscal policy studies at the American Enterprise Institute. Norman J. Ornstein is a resident scholar at AEI and a political contributor to the MacNeil/Lehrer NewsHour. David Zlowe is conducting research at AEI on fiscal policy and budgeting. THE AEI PRESS US $25.00 Publisher for the American Enterprise Institute ISB-13 :-87Aa447-3741 1150 17th Street, N.W.,Washington, D.C. 20036 11 i 111 1 152100 9 ;780844 73741 6 1

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