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(Part A) What factors led (in Wildavsky’s terms) to the Collapse of Budgetary Consensus that occurred in the 1970s? Define his consensus, and then compare and contrast the Era of Classical Budgeting with U.S. national budgeting under the 1974 Budget and Impoundment Control Act in giving your answer. How successful was the 1974 Act in achieving its goals? Why? (Part B) What factors led (in Wildavsky’s terms) to the Budgetary Dissensus that occurred in the 1980s? Define Wildavsky’s dissensus, and then compare and contrast the 1970s and 1980s in national budgeting in giving your answer. How successful was the 1985 GRH Act in achieving its goals? Why?
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How you estimated the percentage of capital that comes from debt, and common equity - find cost of debt
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