Politics of Federal Budgetary Policy, 1981-2018: How supply-side economics and social democracy eliminated fiscal conservatism."

Class Start Date
Class End Date

October 17-21, 2018 at University of Oklahoma  3 credits

Guest scholar:  David Ray, University of Oklahoma

This course will examine the federal budgetary process, and its evolution since 1974, with an emphasis on the rapid increase in federal debt after 1981, the struggle to reduce the budget deficit during the 1980s and 1990s, the brief four-year period of budgetary surplus (Fiscal Years 1998 through 2001) , the tax and spending decisions of 2001 through 2018, including the deficit increases produced by the tax cuts of 2001 and 2003, the recession of 2007-2009, the cost of the wars in Iraq and Afghanistan, the enormous expense of TARP in 2008-2009, the tax cut of December 2017, and the Omnibus spending bill passed in March 2018. The theme of the course is that fiscal conservatism has been largely supplanted by supply-side economics on the right and the domestic spending programs of social democracy on the left, both of which appear to have substantial public support. 

  • Enrollment through your home campus
  • OSLEP provides all required reading materials at no additional cost - NO books to buy!
  • Housing and meals provided
Dr. David Ray