TY  - BOOK
AU  - Walker,Raleigh E.
TI  - America's Long-Term Fiscal Outlook
T2  - America in the 21st Century: Political and Economic Issues
SN  - 9781617615610
AV  - HJ2051 -- .A777 2010eb 
U1  - 339.5/20973 
PY  - 2009///
CY  - Hauppauge
PB  - Nova Science Publishers, Incorporated
KW  - Budget -- United States
KW  - Government spending policy -- United States
KW  - Fiscal policy -- United States
KW  - United States -- Appropriations and expenditures -- Forecasting
KW  - Electronic books
N1  - Intro -- AMERICA'S LONG-TERM FISCAL OUTLOOK -- AMERICA'S LONG-TERM FISCAL OUTLOOK -- LIBRARY OF CONGRESS CATALOGING-IN-PUBLICATION DATA -- CONTENTS -- PREFACE -- Chapter 1  THE ECONOMIC IMPLICATIONS OF THE LONG-TERM FEDERAL BUDGET OUTLOOK -- SUMMARY -- PROJECTIONS SHOW THAT CURRENT FISCAL POLICY IS UNSUSTAINABLE -- The Effects of Current Policy on the Economy -- Why Can't the Contributions of Young Workers Finance the Benefits That They Have Been Promised? -- Trust Funds Cannot Finance Future Benefits from a Government-Wide Perspective -- ECONOMIC EFFECTS OF REFORM OPTIONS -- Prefunding to Reduce the Scope of Policy Changes -- Inter-Generational Equity -- Reducing Uncertainty -- Reform Options: Reducing Benefits -- Social Security24 -- Medicare and Medicaid -- Reform Options: Raising Taxes -- Reform Options: Individual Accounts -- CONCLUSION -- End Notes -- Chapter 2  THE LONG-TERM BUDGET OUTLOOK -- THE FEDERAL BUDGET OUTLOOK OVER THE LONG RUN -- Introduction and Summary -- The Outlook for Federal Spending -- BOX 1-2. AGING, EXCESS COST GROWTH IN HEALTH SPENDING, AND THE FEDERAL BUDGET -- The Outlook for Revenues -- Projected Deficits and Debt -- How Would Rising Federal Debt Affect the Economy? -- BOX 1-3. WHY IS FEDERAL DEBT HELD  BY THE PUBLIC IMPORTANT? -- Debt as a Measure of Fiscal Sustainability -- Historical and Cross-Country Debt Comparisons -- Alternative Fiscal Scenario -- Extended-Baseline Scenario -- What Are the Costs of Delaying Action on the Budget? -- THE LONG-TERM OUTLOOK FOR MEDICARE AND MEDICAID -- Overview of the Medicare Program -- Overview of the Medicaid Program -- Growth in the Programs' Costs -- Medicare -- Medicaid -- Projections of the Programs' Costs -- Projections Under Alternative Assumptions -- Trust Fund Measures -- Slowing the Growth of Health Care Costs -- THE LONG-TERM OUTLOOK FOR SOCIAL SECURITY; How Social Security Operates -- The Outlook for Social Security Spending -- Slowing the Growth of Social Security Spending -- THE LONG-TERM OUTLOOK FOR OTHER  FEDERAL SPENDING -- Discretionary Spending -- Defense Discretionary Spending -- BOX 4-1. HOW FUNDING FOR OPERATIONS IN IRAQ AND AFGHANISTAN AND FOR OTHER ACTIVITIES RELATED TO THE WAR ON TERRORISM AFFECTS PROJECTIONS OF DEFENSE SPENDING -- Nondefense Discretionary Spending -- Other Mandatory Spending -- THE LONG-TERM OUTLOOK FOR REVENUES -- Revenues Over the Past 50 Years -- Factors Affecting Future Federal Revenues -- Revenue Projections Under CBO's Long-Term Budget Scenarios -- Individual Income Taxes -- Other Revenues -- Implications of the Long-Term Budget Scenarios for Revenues -- Impact of the AMT -- Marginal Tax Rates on Income from Labor and Capital -- Impact of Inflation -- End Notes -- Chapter 3  LONG-TERM FISCAL OUTLOOK: LONG-TERM FEDERAL FISCAL CHALLENGE DRIVEN PRIMARILY BY HEALTH CARE -- WHY GAO DID THIS STUDY -- WHAT GAO FOUND -- THE LONG-TERM FISCAL OUTLOOK REMAINS UNSUSTAINABLE -- THE FEDERAL GOVERNMENT'S LONG-TERM FISCAL OUTLOOK IS DRIVEN PRIMARILY BY HEALTH CARE -- Health Care Costs Have Outpaced Economic Growth -- Systemwide Growth in Health Care Spending Is Driven by Certain  Key Factors -- THE WINDOW OF OPPORTUNITY IS NARROWING -- End Notes -- Chapter 4  THE NATION'S LONG-TERM  FISCAL OUTLOOK -- GAO'S LONG-TERM FISCAL SIMULATIONS -- WHY DOES IT MATTER? -- WHAT HAS CHANGED SINCE OUR LAST FEDERAL  MODEL UPDATE? -- WHAT DRIVES OUR NATION'S LONG-TERM  FISCAL OUTLOOK? -- STATE AND LOCAL GOVERNMENTS FACE SIMILAR  LONG-TERM FISCAL CHALLENGES -- THE FISCAL GAP- ANOTHER WAY TO MEASURE  THE CHALLENGE -- KEY ASSUMPTIONS IN OUR FEDERAL SIMULATIONS -- End Notes -- CHAPTER SOURCES -- INDEX
UR  - https://ebookcentral.proquest.com/lib/orpp/detail.action?docID=3020874
ER  -