Deficit Reduction: Spending and Revenue Options: Spending & Revenue Options (Economic Issues, Problems and Perspectives: American Political, Economic and Security Issues) - Hardcover

 
9781613248362: Deficit Reduction: Spending and Revenue Options: Spending & Revenue Options (Economic Issues, Problems and Perspectives: American Political, Economic and Security Issues)

Inhaltsangabe

The choices facing the 112th Congress come at a time when the federal government's debt has increased dramatically in the past few years and when large annual budget deficits are projected to continue indefinitely under current laws or policies. Beyond the coming decade, the ageing of the U.S. population and rising health care costs will put increasing pressure on the budget. If federal debt continues to expand faster than the economy, as it has since 2007, the growth of people's income will slow, the share of federal spending devoted to paying interest on the debt will rise more quickly, and the risk of a fiscal crisis will increase. This book examines options that would reduce projected budget deficits covering an array of policy areas from defence to energy, to entitlement programs, to provisions of the tax code.

Die Inhaltsangabe kann sich auf eine andere Ausgabe dieses Titels beziehen.