National Savings and Targets for the Federal Budget Balance in the United States PDF Download
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Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1451948026
Category : Business & Economics
Languages : en
Pages : 46
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Book Description
The U.S. national savings rate has declined in the 1980s, with both public and private components falling. This paper discusses that decline and whether a policy response is needed. The drop in the private savings rate appears to reflect factors not easily reversible by policy and increases in public saving may thus provide the most effective means of bolstering national savings. Illustrative calculations based on two alternative frameworks indicate that a net national saving rate substantially above its current level could be a desirable objective and that a large federal budget surplus could be needed to that end.
Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1451948026
Category : Business & Economics
Languages : en
Pages : 46
Get Book Here
Book Description
The U.S. national savings rate has declined in the 1980s, with both public and private components falling. This paper discusses that decline and whether a policy response is needed. The drop in the private savings rate appears to reflect factors not easily reversible by policy and increases in public saving may thus provide the most effective means of bolstering national savings. Illustrative calculations based on two alternative frameworks indicate that a net national saving rate substantially above its current level could be a desirable objective and that a large federal budget surplus could be needed to that end.
Author: Owen Evans
Publisher:
ISBN:
Category :
Languages : en
Pages : 46
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Book Description
The U.S. national savings rate has declined in the 1980s, with both public and private components falling. This paper discusses that decline and whether a policy response is needed. The drop in the private savings rate appears to reflect factors not easily reversible by policy and increases in public saving may thus provide the most effective means of bolstering national savings. Illustrative calculations based on two alternative frameworks indicate that a net national saving rate substantially above its current level could be a desirable objective and that a large federal budget surplus could be needed to that end.
Author: United States. Congress. House. Committee on Ways and Means
Publisher:
ISBN:
Category : Budget
Languages : en
Pages : 716
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Book Description
Author: Alice M. Rivlin
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 158
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Book Description
In Restoring Fiscal Sanity, scholars with high-level government experience provide an overview of the countrys likely medium- and long-term spending needs and the resources available to pay for them. They propose three alternative fiscal paths that are more responsible than the current path.
Author: United States. Office of Management and Budget
Publisher:
ISBN:
Category : Budget
Languages : en
Pages : 32
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Book Description
Author: National Academy of Public Administration
Publisher: National Academies Press
ISBN: 0309150272
Category : Political Science
Languages : en
Pages : 360
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Book Description
A mismatch between the federal government's revenues and spending, now and in the foreseeable future, requires heavy borrowing, leading to a large and increasing federal debt. That increasing debt raises a serious challenge to all of the goals that various people expect their government to pursue. It also raises questions about the nation's future wealth and whether too much debt could lead to higher interest rates and even to loss of confidence in the nation's long-term ability and commitment to honor its obligations. Many analysts have concluded that the trajectory of the federal budget set by current policies cannot be sustained. In light of these projections, Choosing the Nation's Fiscal Future assesses the options and possibilities for a sustainable federal budget. This comprehensive book considers a range of policy changes that could help put the budget on a sustainable path: reforms to reduce the rate of growth in spending for Medicare and Medicaid; options to reduce the growth rate of Social Security benefits or raise payroll taxes; and changes in many other government spending programs and tax policies. The book also examines how the federal budget process could be revised to be more far sighted and to hold leaders accountable for responsible stewardship of the nation's fiscal future. Choosing the Nation's Fiscal Future will provide readers with a practical framework to assess budget proposals for their consistency with long-term fiscal stability. It will help them assess what policy changes they want, consistent with their own values and their views of the proper role of the government and within the constraints of a responsible national budget. It will show how the perhaps difficult but possible policy changes could be combined to produce a wide range of budget scenarios to bring revenues and spending into alignment for the long term. This book will be uniquely valuable to everyone concerned about the current and projected fiscal health of the nation.
Author: Oregon. Office of the Secretary of State
Publisher:
ISBN:
Category : Oregon
Languages : en
Pages : 208
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Book Description
Author:
Publisher:
ISBN:
Category : Finance, Public
Languages : en
Pages : 260
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Book Description
Author: Daniel Shaviro
Publisher: University of Chicago Press
ISBN: 9780226751122
Category : Business & Economics
Languages : en
Pages : 362
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Book Description
Do deficits matter? Yes and no, says Daniel Shaviro in this political and economic study. Yes, because fiscal policy affects generational distribution, national saving, and the level of government spending. And no, because the deficit is an inaccurate measure with little economic content. This book provides an invaluable guide for anyone wanting to know exactly what is at stake for Americans in this ongoing debate. "[An] excellent, comprehensive, and illuminating book. Its analysis, deftly integrating considerations of economics, law, politics, and philosophy, brings the issues of 'balanced budgets,' national saving, and intergenerational equity out of the area of religious crusades and into an arena of reason. . . . A magnificent, judicious, and balanced treatment. It should be read and studied not just by specialists in fiscal policy but by all those in the economic and political community."—Robert Eisner, Journal of Economic Literature "Shaviro's history, economics, and political analysis are right on the mark. For all readers."—Library Journal
Author: Allen Schick
Publisher: Brookings Institution Press
ISBN: 0815777329
Category : Business & Economics
Languages : en
Pages : 362
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Book Description
The federal budget impacts American policies both at home and abroad, and recent concern over the exploding budgetary deficit has experts calling our nation's policies "unsustainable" and "system-dooming." As the deficit continues to grow, will America be fully able to fund its priorities, such as an effective military and looking after its aging population? In this third edition of his classic book The Federal Budget, Allen Schick examines how surpluses projected during the final years of the Clinton presidency turned into oversized deficits under George W. Bush. In his detailed analysis of the politics and practices surrounding the federal budget, Schick addresses issues such as the collapse of the congressional budgetary process and the threat posed by the termination of discretionary spending caps. This edition updates and expands his assessment of the long-term budgetary outlook, and it concludes with a look at how the nation's deficit will affect America now and in the future. "A clear explanation of the federal budget... [Allen Schick] has captured the politics of federal budgeting from the original lofty goals to the stark realities of today."—Pete V. Domenici, U.S. Senate
