Putting Trust in the US Budget: Federal Trust Funds and the Politics of Commitment

Putting Trust in the US Budget: Federal Trust Funds and the Politics of Commitment

by Eric M. Patashnik
ISBN-10:
0521771749
ISBN-13:
9780521771740
Pub. Date:
08/17/2000
Publisher:
Cambridge University Press
ISBN-10:
0521771749
ISBN-13:
9780521771740
Pub. Date:
08/17/2000
Publisher:
Cambridge University Press
Putting Trust in the US Budget: Federal Trust Funds and the Politics of Commitment

Putting Trust in the US Budget: Federal Trust Funds and the Politics of Commitment

by Eric M. Patashnik

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Overview

In the United States many important programs, such as Social Security and Medicare, are paid from trust funds. At a time when major social insurance funds are facing insolvency, this timely book provides the first comprehensive study of this significant yet little-studied feature of the American welfare state. Trust funds are at the heart of US budgeting and public social provision, and also raise a fundamental question of democratic politics: can current officeholders bind their successors? Through detailed case studies Patashnik shows how long term government commitments are effectively designed.

Product Details

ISBN-13: 9780521771740
Publisher: Cambridge University Press
Publication date: 08/17/2000
Series: Theories of Institutional Design
Pages: 246
Product dimensions: 5.98(w) x 9.02(h) x 0.67(d)
Lexile: 1650L (what's this?)

Table of Contents

1. Introduction: trust funds and the politics of commitment; 2. Political transaction costs, feedback effects, and policy credibility; 3. Trust fund taxes vs general fund taxes; 4. Social security; 5. Medicare; 6. Highways; 7. Airports; 8. Superfund; 9. Barriers to trust fund adoption: the failed cases of energy security and lead abatement; 10. Conclusions: The structure and normative challenge of promise-keeping.
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