Quantifying the Current U.S. Fiscal Imbalance

Points to the growth of three programs (Medicare, Medicaid, and Social Security) as the source of the projected long-term U.S. fiscal imbalance. Evaluates the effect of policy changes on this imbalance, and finds that the long-run imbalance will persist and waiting to adopt policy changes will increase the size of the required annual primary deficit reduction.

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Year of publication:	1997
Authors:	Auerbach, Alan J.
Published in:	National Tax Journal. - National Tax Association - NTA. - Vol. 50.1997, 3, p. 387-98
Publisher:	National Tax Association - NTA

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Extent:	application/pdf text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010788108