Download or read book Closing the Deficit written by Gary Burtless and published by Brookings Institution Press. This book was released on 2013-09-18 with total page 153 pages. Available in PDF, EPUB and Kindle. Book excerpt: As the average age of the population continues to rise in industrialized nations, the fiscal impacts of aging demand ever-closer attention. Closing the Deficit examines one oft-discussed approach to the issue—encouraging people to work longer than they now do. Workers would spend more years paying taxes and fewer years drawing pension and health benefits. But how much difference to spending and revenues would longer working lives make? What steps could be taken to make longer working lives attractive? And what would happen to older Americans not in a position to prolong their work lives? Leading scholars examine these issues in Closing the Deficit, edited by Brookings economists Gary Burtless and Henry Aaron.
Download or read book Reducing the Budget Deficit The President s Fiscal Commission and Other Initiatives written by and published by DIANE Publishing. This book was released on with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Deficit Myth written by Stephanie Kelton and published by PublicAffairs. This book was released on 2020-06-09 with total page 311 pages. Available in PDF, EPUB and Kindle. Book excerpt: A New York Times Bestseller The leading thinker and most visible public advocate of modern monetary theory -- the freshest and most important idea about economics in decades -- delivers a radically different, bold, new understanding for how to build a just and prosperous society. Stephanie Kelton's brilliant exploration of modern monetary theory (MMT) dramatically changes our understanding of how we can best deal with crucial issues ranging from poverty and inequality to creating jobs, expanding health care coverage, climate change, and building resilient infrastructure. Any ambitious proposal, however, inevitably runs into the buzz saw of how to find the money to pay for it, rooted in myths about deficits that are hobbling us as a country. Kelton busts through the myths that prevent us from taking action: that the federal government should budget like a household, that deficits will harm the next generation, crowd out private investment, and undermine long-term growth, and that entitlements are propelling us toward a grave fiscal crisis. MMT, as Kelton shows, shifts the terrain from narrow budgetary questions to one of broader economic and social benefits. With its important new ways of understanding money, taxes, and the critical role of deficit spending, MMT redefines how to responsibly use our resources so that we can maximize our potential as a society. MMT gives us the power to imagine a new politics and a new economy and move from a narrative of scarcity to one of opportunity.
Download or read book The Knowledge Deficit written by E. D. Hirsch and published by HarperCollins. This book was released on 2007-04-01 with total page 197 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Knowledge Deficit illuminates the real issue in education today -- without an effective curriculum, American students are losing the global education race. In this persuasive book, the esteemed education critic, activist, and best-selling author E.D. Hirsch, Jr., shows that although schools are teaching the mechanics of reading, they fail to convey the knowledge needed for the more complex and essential skill of reading comprehension. Hirsch corrects popular misconceptions about hot issues in education, such as standardized testing, and takes to task educators' claims that they are powerless to overcome class differences. Ultimately, this essential book gives parents and teachers specific tools for enhancing children's abilities to fully understand what they read.
Download or read book Closing the Federal Deficit Gap written by Kandalis Ockree and published by . This book was released on 2012 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt: This case allows students to analyze and provide workable solutions for closing the United States Federal deficit for the fiscal year ended June 30, 2011. Estimated at $1.3 trillion, the 2011 deficit pushed the overall US federal debt total above $15 trillion, mobilizing Congress to raise the US debt ceiling multiple times and leading to a downgrade in US debt by Standard & Poors. The case is particularly timely given the upcoming 2012 national elections. With candidates reluctant to make tough decisions to raise taxes or eliminate popular spending programs, the case arms students with workable estimates of federal expenditures, separated into familiar categories. The case also identifies tax revenues by source and income level for individuals. The student then is left to decide ... which taxpayers will have to pay more and which federal expenditures will have to be reduced.
Download or read book The Budget and Economic Outlook written by and published by . This book was released on 2008 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Red Ink written by Harold A. Hovey and published by . This book was released on 1985 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Payment Due written by Timothy J Penny and published by Routledge. This book was released on 2018-02-12 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: T he generational wars are about to begin: competing for entitlements, wrestling over taxes, dancing around the deficit. Today’s children and grandchildren are tomorrow’s taxpayers and social fabric. The authors of Payment Due contend that our current policies of federal overspending are setting those children up for economic disaster. Former Representative Tim Penny (D-MN) knows how volatile the politics of the situation are; he retired because he couldn’t locate in Congress at large the institutional will (or stomach) to deal with the issues squarely. Political scientist Steven Schier understands the way in which the politics work against economics to solve the problem. Together, they take us inside the Capitol corridors to show us the lobbying, arm-twisting, and pork barrel politicking that goes on to derail policies designed to reduce the federal deficit. We get to play the “Washington Monument game” along with the worst of the offenders and to see firsthand how three schools of deficit thought—the wolves, pussycats, and termites—approach the prospect of cutting back federal outlays and weaning the great middle class from its own welfare dependency. A hallmark of the book is its three-tiered set of long-term entitlement reform proposals, complete with careful documentation of the contribution each recommended item makes toward reducing the federal deficit (or at least slowing its increase). Along with suggested short-term plans, these proposals give students the opportunity to try to solve both short- and long-term problems. Students will appreciate the timeliness and relevance of the book’s argument to their generation’s future plight, and all readers will benefit from the clear presentation of complex economic concepts and arguments essential to understanding the federal deficit debate—and to confronting the political, social, and moral payments now coming due.
Download or read book Expansionary Austerity New International Evidence written by Mr.Daniel Leigh and published by International Monetary Fund. This book was released on 2011-07-01 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper investigates the short-term effects of fiscal consolidation on economic activity in OECD economies. We examine the historical record, including Budget Speeches and IMFdocuments, to identify changes in fiscal policy motivated by a desire to reduce the budget deficit and not by responding to prospective economic conditions. Using this new dataset, our estimates suggest fiscal consolidation has contractionary effects on private domestic demand and GDP. By contrast, estimates based on conventional measures of the fiscal policy stance used in the literature support the expansionary fiscal contractions hypothesis but appear to be biased toward overstating expansionary effects.
Download or read book Addressing the Long Run Deficit written by Donald J Marples and published by Independently Published. This book was released on 2019-05-23 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: The growth of the national debt, which is considered unsustainable under current policies, continues to be one of the central issues of domestic federal policymaking. Addressing a federal budget deficit that is unsustainable over the long run involves choices. Fundamentally, the issues require deciding what government goods, services, and transfers are worth paying taxes for. Most people would agree that the country benefits from a wide range of government services-air traffic controllers, border security, courts and corrections, and so forth-provided by the federal government. Yet federal government provision of goods and services comprises only a modest portion of the federal budget. Transfers, including interest payments, accounted for around 75% of the federal budget. Central findings of this analysis include the following: A comparatively small share of federal spending is for the direct provision of domestic government goods and services. Transfers and payments to persons and to state and local governments constitute most of federal spending, about 75% of all federal spending. Defense spending, accounting for about 15% of federal spending, has declined as a share of output over the past 35 years, but it also tends to vary depending, in part, on the presence and magnitude of international conflicts. The problem with the debt lies not in the past but in the future, as growth in spending for health and Social Security is projected to continue faster than the economy as a whole. The increase in deficits and debt, in turn, leads to a significant increase in interest payments. Because much of the pressure on future spending arises from imbalances in Social Security and Medicare Part A (Hospital Insurance) trust funds, keeping these funds and their sources of financing intact is a concern that could constrain choices. Preserving entitlements would likely require significant increases in taxes, such as raising rates, reducing tax expenditures, increasing other taxes, or introducing new revenue sources. Reductions in discretionary spending are insufficient to reduce the deficit to a sustainable level, so limiting taxes as a percentage of output or constraining the overall size of the government to current levels would likely require significant cuts in mandatory spending, including entitlement programs such as Social Security, Medicare, and Medicaid. Because the federal government provides about one-fifth of the revenue for state and local governments, cutbacks in transfers to these governments may, in part, shift the burden of providing services from the national to subnational governments rather than altering the overall size of government services.
Download or read book Reducing the Deficit written by and published by . This book was released on 1983 with total page 396 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book A Blueprint for Fiscal Stability in New York written by State Communities Aid Association and published by . This book was released on 1991 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Democracy Deficit written by Alfred C. Aman (Jr.) and published by NYU Press. This book was released on 2004-12 with total page 266 pages. Available in PDF, EPUB and Kindle. Book excerpt: ContentsPreface Introduction: The Domestic Face of Globalization 1 Three Eras of Administrative Law and Agency Regulation 2 Federalisms Old and New: The Vertical Dimensions of Globalization 3 Privatization and Deregulation: The Horizontal Dimensions of Globalization 4 The Implications of the Globalizing State for Law Reform Notes Index About the Author
Download or read book Dismantling Contemporary Deficit Thinking written by Richard R. Valencia and published by Routledge. This book was released on 2010-09-13 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: Deficit thinking is a pseudoscience founded on racial and class bias. It "blames the victim" for school failure instead of examining how schools are structured to prevent poor students and students of color from learning. Dismantling Contemporary Deficit Thinking provides comprehensive critiques and anti-deficit thinking alternatives to this oppressive theory by framing the linkages between prevailing theoretical perspectives and contemporary practices within the complex historical development of deficit thinking. Dismantling Contemporary Deficit Thinking examines the ongoing social construction of deficit thinking in three aspects of current discourse – the genetic pathology model, the culture of poverty model, and the "at-risk" model in which poor students, students of color, and their families are pathologized and marginalized. Richard R. Valencia challenges these three contemporary components of the deficit thinking theory by providing incisive critiques and discussing competing explanations for the pervasive school failure of many students in the nation’s public schools. Valencia also discusses a number of proactive, anti-deficit thinking suggestions from the fields of teacher education, educational leadership, and educational ethnography that are intended to provide a more equitable and democratic schooling for all students.
Download or read book The Great Deficit Scares written by Robert Eisner and published by . This book was released on 1997 with total page 92 pages. Available in PDF, EPUB and Kindle. Book excerpt: American politics often seems to be focused on three deficits, real and potential: the federal budget, the Social Security Trust Fund, and the trade balance. Robert Eisner, past president of the American Economic Association, explains why this is an unhealthy situation as well as a source of much misunderstanding. He argues that simply looking at the raw numbers creates misimpressions about the country's real economic situation, as well as provoking potentially damaging ideas for "remedies." Eisner points out that Social Security Trust Fund deficits can be "fixed" by simple changes in accounting procedures or funding requirements. And America's trade deficit will not bankrupt the country--servicing America's foreign obligations will take only a tiny share of its national wealth. As with any other loan, Eisner reminds us, it is what deficits are spent on that counts: tax cuts or investments in education, research, or the nation's capital stock. Eisner maintains that the economic dragons the American nation should be attempting to slay do not entail mythically measured budget or current account deficits. The real economic troubles that America faces are those of poverty, income inequality, and a failure to invest in human capital and public infrastructure.
Download or read book Ways and Means to Reduce the Federal Budget Deficit written by Lotfi Hassan Mansour Geriesh and published by . This book was released on 1992 with total page 318 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Attention Deficit Democracy written by James Bovard and published by Macmillan + ORM. This book was released on 2015-03-24 with total page 300 pages. Available in PDF, EPUB and Kindle. Book excerpt: "A lively attack on politicians, voters and government. Bovard's indictment of an ineffective but ever-expanding federal government would make any libertarian proud." --New York Post Does the people's need to believe in the president trump their duty to understand, to think critically, and demand truth? Have Americans been conditioned to ignore political frauds and believe the lies perpetuated by campaign ads? James Bovard diagnoses a national malady called "Attention Deficit Democracy," characterized by a citizenry that seems to be paying less attention to facts, and is less capable of judging when their rights and liberties are under attack. Bovard's careful research combined with his characteristically caustic style will give "ADD" a whole new meaning that pundits, politicians, and we the people will find hard to ignore.
