The Shrunken Power of the Purse
13 Pages Posted: 19 Mar 2009
Date Written: March 18, 2009
The Constitution places control of the federal government's funds in the hands of Congress. This article examines Congress' exercise of discretion in connection with expenditures, impoundments, debt and taxation. It concludes that its actual control over the government's funds has become limited over time and makes recommendations for more robust exercise of its traditional authority.
Keywords: expenditure, impoundment, debt limit, taxation, power of the purse
JEL Classification: K19, K34, K49
Suggested Citation: Suggested Citation