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Author: John Merrifield Publisher: Cato Institute ISBN: 1948647893 Category : Political Science Languages : en Pages : 590
Book Description
"'A Fiscal Cliff' is precisely the right book for perilous fiscal times. Giants in economics and public policy offer a spirited defense of fiscal rules critically needed to protect our children and grandchildren from a bleak future." -Richard K. Vedder, Distinguished Professor of Economics Emeritus, Ohio University/p> The unsustainable, and still rapidly growing, U.S. federal government debt is a classic case of ‘'in denial.” Indeed, we are no closer to a solution to the debt crisis than we were ten years ago when the Simpson-Bowles Commission issued a report with recommendations to address the nation's debt crisis. The bipartisan Commission fell short of the supermajority vote required to submit their recommendations to Congress. President Trump declared a debt crisis, but didn't act like it. Various commissions and think tanks have made numerous recommendations. In 2019, a Congressional Committee was appointed to recommend budget process reforms, but that Committee could not agree on any recommendations to submit to Congress. While the dominant sentiment is that maybe if we ignore it, it will just go away, the debt crisis will not just vanish. A Fiscal Cliff: New Perspectives on the U.S. Debt Crisis is a timely addition to a critical policy discussion.
Author: John Merrifield Publisher: Cato Institute ISBN: 1948647893 Category : Political Science Languages : en Pages : 590
Book Description
"'A Fiscal Cliff' is precisely the right book for perilous fiscal times. Giants in economics and public policy offer a spirited defense of fiscal rules critically needed to protect our children and grandchildren from a bleak future." -Richard K. Vedder, Distinguished Professor of Economics Emeritus, Ohio University/p> The unsustainable, and still rapidly growing, U.S. federal government debt is a classic case of ‘'in denial.” Indeed, we are no closer to a solution to the debt crisis than we were ten years ago when the Simpson-Bowles Commission issued a report with recommendations to address the nation's debt crisis. The bipartisan Commission fell short of the supermajority vote required to submit their recommendations to Congress. President Trump declared a debt crisis, but didn't act like it. Various commissions and think tanks have made numerous recommendations. In 2019, a Congressional Committee was appointed to recommend budget process reforms, but that Committee could not agree on any recommendations to submit to Congress. While the dominant sentiment is that maybe if we ignore it, it will just go away, the debt crisis will not just vanish. A Fiscal Cliff: New Perspectives on the U.S. Debt Crisis is a timely addition to a critical policy discussion.
Author: Ayşe Ökten İmrohoroǧlu Publisher: ISBN: 9780985625511 Category : Budget Languages : en Pages : 210
Book Description
To embrace a solution, first you had better understand the problem. THE FISCAL CLIFF is a timely, no-nonsense account of our country's current financial predicament and the precipitous fall that may soon come. Using the most up-to-date government and private sector data, economists Ayse Imrohoroglu and Selahattin Imrohoroglu offer a nuts-and-bolts primer to those who want to better understand the real fiscal crisis behind today's headlines and rhetoric. Unafraid to mince words, these authors recount the good, the bad, and the ugly of America's economic past, present, and future. Invoking two key economic principles, the Imrohoroglus highlight a specific bipartisan budget proposal as one possible means for the United States to avert financial calamity. They make a quantitative, qualitative, and compelling case. By all means, check their work.
Author: Edward Poteat Publisher: Createspace Independent Pub ISBN: 9781491290989 Category : Political Science Languages : en Pages : 160
Book Description
Many American cities are under fiscal assault. Rising pension costs, diminishing tax bases, and middle class flight have created a fiscal cliff for many American cities. Many cities have already become dysfunctional and unable to meet their basic responsibilities of providing adequate public safety, housing, education opportunities, and health care to its citizenry. Worst yet, due to middle class flight and the corresponding flight of jobs, the citizenry in these cities have a greater and greater concentration of poverty. These “declining” cities are less able to provide basic services to a citizenry which is in greater need of those services. The bankruptcy filing of Detroit is only the tip of the iceberg. Unless solutions are identified and enacted quickly, many more American cities will face Detroit's fate. The Fiscal Cliff describes the intricacies of the fiscal problems encountered by many American cities and identifies solutions which address these issues. Mayors of these declining cities continue to grope for idyllic and quick fix solutions to their declining tax base such as casinos or convention centers. However, the solutions to these vexing problems must be predicated on a correct understanding of the problem. Declining cities have undergone decades of structural change to its population and economic base. The Fiscal Cliff proposes real solutions which acknowledge these structural changes. The Fiscal Cliff is a worthwhile read for anyone interested in social inequality, urban planning, or urban politics..The writing style is not academic but one which many readers can easily relate to (i.e Jane Jacobs meets Malcolm Gladwell). Over 13,000,000 people live in declining American cities. If the municipalities these people live in cannot provide them with basic public services such as heath care, education, public safety or decent housing, it should be a concern for every American.
Author: Vincent Bernhardt Publisher: Createspace Independent Pub ISBN: 9781490372464 Category : Business & Economics Languages : en Pages : 28
Book Description
Congress finally took action, but the issues of the Fiscal Cliff still loom in the future. We'll be tumbling down this Fiscal Cliff for a few years, folks. This short book reviews the issues that faced us in the original Fiscal Cliff. Most of those issues remain as of this writing (July, 2014). Do you know the effect the Fiscal Cliff can have on you and your family? Do you know how to prepare for it? You CAN do some things to help yourself now. Get informed and take action now.
Author: Stephen J. Feinberg Publisher: iUniverse ISBN: 1475975929 Category : Business & Economics Languages : en Pages : 202
Book Description
The federal government has failed to adequately regulate free market capitalism in the United States. Understanding how we got to this point is the first step in figuring out how to fix the economy. It is still possible to help the forgotten middle class, create jobs, and provide mortgage relief to homeowners. In this guidebook to perpetuating American greatness, Stephen J. Feinberg introduces Jump Start America Bonds to encourage cash-rich businesses and individuals to invest in transportation infrastructure construction projects to create jobs. He proposes a US mortgage court to oversee the restructuring of home mortgages on terms that would give relief to homeowners and end the housing crisis. He also explores other key issues, such as the federal deficit, income and estate tax fairness, and ways to better regulate banks and the securities markets. Throughout his study, Feinberg seeks to help America recover by providing a concrete plan to reverse the economic decline and return the country to economic greatness once again.
Author: William G. Gale Publisher: Oxford University Press ISBN: 0190645431 Category : Business & Economics Languages : en Pages : 256
Book Description
Keeping the economy strong will require addressing two distinct but related problems. Steadily rising federal debt makes it harder to grow our economy, boost our living standards, respond to wars or recessions, address social needs, and maintain our role as a global leader. At the same time, we have let critical investments lag and left many people behind even as overall prosperity has grown. In Fiscal Therapy, William Gale, a leading authority on how federal tax and budget policy affects the economy, provides a trenchant discussion of the challenges posed by the imbalances between spending and revenue. America is facing a gradual decline as debt accumulates and delay raises the costs of action. But there is hope: fiscal responsibility aligns with both conservative and liberal goals and citizens of all stripes can support the notion of making life better for our children and grandchildren. Gale provides a plan to make the economy and nation stronger, one that controls entitlement spending but preserves and enhances their anti-poverty and social insurance roles, increases public investments on human and physical capital, and raises and reforms taxes to pay for government services in a fair and efficient way. What is needed, he argues, is to balance today's needs against tomorrow's obligations. We face significant fiscal challenges but, if we are wise enough to seize our opportunities, we can strengthen our economy, increase opportunity, reduce inequality, and build better lives for our children and grandchildren. We do not have to kill popular programs or starve government. Indeed, one main goal of fiscal reform is to maintain the vital functions that government provides. We need to act responsibly, pay for the government we want, and shape that government in ways that serve us best.
Author: Eric Wright Publisher: ISBN: 9781630004408 Category : Political Science Languages : en Pages : 52
Book Description
Fiscal Cliff includes mostly original ideas on how to: Create jobs with investment, reforming the tax code, and by harnessing innovation. Reduce the debt in a balanced way along with pay fors so that everybody shares in the pain of cutting the budget. Develop our energy resources, become energy efficient quickly, and how to create a renewable energy boom that cuts our energy bills over time and will create hundreds of thousands of jobs. Reform the immigration system in a fair and common sense manner. Reform the election process and make sure Washington is as transparent as is reasonably prudent and make congress efficient to speed up the process of creating jaws, and in turn restoring American's trust in our system of government. Lastly, included are ideas to reform our criminal justice system and many other departments of government to make sure they are easy to understand, costs effective, not burdensome on the American people and spur economic growth.
Author: John Merrifield
Author: John Merrifield
Author: Jane G. Gravelle
Author: Ayşe Ökten İmrohoroǧlu
Author: Edward Poteat
Author: Vincent Bernhardt
Author: Stephen J. Feinberg
Author: Mindy R. Levit
Author: William G. Gale
Author: United States. Congress. Joint Economic Committee
Author: Eric Wright