Fiscal and Generational Imbalances
Subtitle: New Budget Measures for New Budget Priorities
Publisher: AEI Press
Published: August 25, 2003
Language: eng
Format: Paperback
Number of pages: 83
ISBN-13: 9780844771670
Subjects: Economic theory & philosophy; POLITICS & GOVERNMENT; Public finance; United States; Fiscal policy; Business / Economics / Finance; Public Policy - Economic Policy; USA; Economic Conditions; Public Health; Reference / General; Budget
First sentence: Traditional budget measures are becoming obsolete as federal budget priorities shift from providing "brick and mortar" public goods toward delivering social insurance services.
Description: "Many appreciate that the federal government's finances are shaky. However, few realize how really bad they are because most evaluations are based on what happened in the past - not what will happen in the future.

We know that today's federal debt amounts to $3.5 trillion, but the important - and often overlooked - question is how much debt will we incur going forward." "The Fiscal and Generational Imbalance measures will help lawmakers design reforms best suited for meeting the challenges posed by the retirement and health security need of our progressively aging society."--Jacket.