Closing The Deficit

Author : Gary Burtless
Publisher : Brookings Institution Press
ISBN 13 : 0815704038
Total Pages : 153 pages
Book Rating : 4.34/5 ( download)

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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.

Author : E. D. Hirsch
Publisher : HarperCollins
ISBN 13 : 0547346964
Total Pages : 197 pages
Book Rating : 4.60/5 ( download)

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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: "An important message, eloquently expressed." --Steven Pinker, Johnstone Family Professor of Psychology, Harvard University, and author of The Language Instinct and How the Mind Works "If we did what E.D. Hirsch said, and made sure that all students, regardless of race, income, or neighborhood, were exposed to a rich, challenging, sequenced curriculum in important subjects, schools could make a much bigger difference than they already do." --Ed McElroy, president, American Federation of Teachers "[Hirsch] wants to reverse the current emphasis on reading as a mechanical process and replace it with content-rich curriculum that will turn all children into knowledgeable readers. It's a worthy goal for our schools in an increasingly competitive globalized world." New York Post "On many fronts, Hirsch's book challenges the conventional educational wisdown. Parents ought to check it out." --Rocky Mountain News "[A] powerful argument . . . [Hirsch's] well-reasoned, common-sense proposals address a vital issue, and his book provides a valuable addition to the debate on public policy in education." --Richmond Times-Dispatch —

Author : Stephanie Kelton
Publisher : PublicAffairs
ISBN 13 : 1541736206
Total Pages : 311 pages
Book Rating : 4.07/5 ( download)

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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.

Author : Robert Eisner
Publisher :
ISBN 13 :
Total Pages : 262 pages
Book Rating : 4.64/5 ( download)

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Download or read book How Real is the Federal Deficit? written by Robert Eisner and published by . This book was released on 1986 with total page 262 pages. Available in PDF, EPUB and Kindle. Book excerpt: Showing that 1970s inflation made budget surpluses look like deficits and that the recession was a combination of tight money and restrictive federal spending, the author argues that the federal deficit has long been miscalculated and examines the resulting implications.

Author : Alice M. Rivlin
Publisher : Rowman & Littlefield
ISBN 13 : 9780815796398
Total Pages : 142 pages
Book Rating : 4.90/5 ( download)

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Download or read book Restoring Fiscal Sanity written by Alice M. Rivlin and published by Rowman & Littlefield. This book was released on 2004-03-29 with total page 142 pages. Available in PDF, EPUB and Kindle. Book excerpt: The United States is standing at a critical juncture in its fiscal outlook. After experiencing a brief period of budget surpluses at the turn of the century, the federal government will run deficits that add about $4 trillion to the national debt over the next decade. Substantial deficits will likely continue long into the future because the looming retirement of the baby boom generation will raise spending in Social Security, Medicare, and Medicaid. At the same time, the federal government appears to be neglecting spending in key areas of social and economic policy. The nation thus faces a vital choice: continue down a path toward future fiscal crisis while under investing in critical areas, or increase resources in high-priority areas while also reducing the overall budget deficit. This choice will materially affect Americans' economic status and security in the immediate future as well as over long horizons. In R estoring Fiscal Sanity, a group of Brookings scholars with high-level government experience provide an overview of the country's 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. One plan emphasizes spending cuts, the second emphasizes revenue increases, and a third is a balanced mix between the two. The contributors address the policy choices in such areas as defense, homeland security, international assistance, and programs targeted to the less advantaged, the elderly, and other domestic priorities. In the process, they provide an understanding of the short- and long-run trade offs and illustrate how the budget can be reshaped to achieve high priority objectives in a fiscally responsible way.

Author : State Communities Aid Association
Publisher :
ISBN 13 :
Total Pages : 52 pages
Book Rating : 4.99/5 ( download)

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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:

Author : Mr.Daniel Leigh
Publisher : International Monetary Fund
ISBN 13 : 1455294691
Total Pages : 41 pages
Book Rating : 4.95/5 ( download)

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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.

Author : Charles E. Dumas
Publisher :
ISBN 13 :
Total Pages : 64 pages
Book Rating : 4.24/5 ( download)

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Download or read book The Effects of Government Deficits written by Charles E. Dumas and published by . This book was released on 1985 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Harold A. Hovey
Publisher :
ISBN 13 :
Total Pages : 100 pages
Book Rating : 4.24/5 ( download)

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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:

Author : Ms.Carmen Reinhart
Publisher : International Monetary Fund
ISBN 13 : 1498338380
Total Pages : 47 pages
Book Rating : 4.87/5 ( download)

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Download or read book The Liquidation of Government Debt written by Ms.Carmen Reinhart and published by International Monetary Fund. This book was released on 2015-01-21 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: High public debt often produces the drama of default and restructuring. But debt is also reduced through financial repression, a tax on bondholders and savers via negative or belowmarket real interest rates. After WWII, capital controls and regulatory restrictions created a captive audience for government debt, limiting tax-base erosion. Financial repression is most successful in liquidating debt when accompanied by inflation. For the advanced economies, real interest rates were negative 1⁄2 of the time during 1945–1980. Average annual interest expense savings for a 12—country sample range from about 1 to 5 percent of GDP for the full 1945–1980 period. We suggest that, once again, financial repression may be part of the toolkit deployed to cope with the most recent surge in public debt in advanced economies.