Type:

Video

Description:

Why did politicians cut a trivial amount of money in the recent budget agreement? Prof. Ben Powell explains why politicians don't cut spending, as a general rule. Using public choice economics, or the economics of politics, he shows how the political system naturally leads to overspending.

Subjects:

  • Social Studies > United States Government

Education Levels:

  • Grade 11
  • Grade 12
  • Higher Education

Keywords:

government spending, federal debt, federal deficit, government debt, deficit, debt, public choice

Language:

English

Access Privileges:

Public - Available to anyone

License Deed:

Creative Commons Attribution 3.0
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