Federal Spending : A Riddle Wrapped up in an Enigma.

Intro -- FEDERAL SPENDING: A RIDDLE WRAPPED UP IN AN ENIGMA -- FEDERAL SPENDING: A RIDDLE WRAPPED UP IN AN ENIGMA -- CONTENTS -- PREFACE -- Chapter 1 INTEREST PAYMENTS ON THE FEDERAL DEBT: A PRIMER -- SUMMARY -- FEDERAL DEBT -- INTEREST PAYMENTS ON THE FEDERAL DEBT -- DETERMINANTS OF NET INTEREST PAYMENTS -- End Notes -- Chapter 2 21ST CENTURY: ADDRESSING LONG-TERM FISCAL CHALLENGES MUST INCLUDE A RE-EXAMINATION OF MANDATORY SPENDING -- FEDERAL HEALTH CARE SPENDING DRIVES THE LONG-TERM FISCAL CHALLENGE -- End Notes -- Chapter 3 MANDATORY SPENDING SINCE 1962 -- ABSTRACT -- SUMMARY -- OVERVIEW -- WHAT DOES MANDATORY SPENDING INCLUDE? -- MANDATORY SPENDING TRENDS OVER TIME -- Changes in the Composition of Mandatory Spending -- Mandatory Spending and the Economy -- WHY HAS MANDATORY SPENDING RISEN? -- MANDATORY SPENDING BEYOND 2018 -- CONCLUSION -- APPENDIX. DISCRETIONARY SPENDING -- End Notes -- Chapter 4 MANDATORY SPENDING: USING BUDGET TRIGGERS TO CONSTRAIN GROWTH -- WHY GAO DID THIS STUDY -- WHAT GAO RECOMMENDS -- WHAT GAO FOUND -- ABBREVIATIONS -- RESULTS IN BRIEF -- BACKGROUND -- OBJECTIVES, SCOPE, AND METHODOLOGY -- TRIGGER MECHANISMS COULD HELP CONSTRAIN MANDATORY SPENDING BUT MUST BE CAREFULLY DESIGNED -- Issues to Consider in Constructing a Trigger -- Issues to Consider in Designing the Triggered Response -- Expert Views on Trigger Mechanisms Are Mixed -- REASONS FOR DIFFERENCES BETWEEN ESTIMATED AND ACTUAL OUTLAYS IN SELECTED ACCOUNTS VARIED -- Legislation Enacted After Original Estimates Explained Many Differences between Estimated and Actual Outlays -- Economic Factors Were Especially Important in Some Programs' Differences -- Technical Factors Explained a Broad Spectrum of Differences -- CONCLUSIONS -- MATTER FOR CONGRESSIONAL CONSIDERATION -- APPENDIX I: ILLUSTRATIVE EXAMPLES OF TRIGGERS AND RESPONSES FOR CASE STUDY ACCOUNTS.

Account Name -- Administering Organization -- Program Description -- Funding Source -- Differences between Estimated and Actual Outlays -- Explanation of Key Differences -- Illustrative Triggers and Response -- Account Name -- Administering Organization -- Program Description -- Funding Source -- Differences between Estimated and Actual Outlays -- Explanation of Key Differences -- Ideas for Improving the Accuracy of Estimates -- Account Name -- Administering Organization -- Program Description -- Funding Source -- Differences between Estimated and Actual Outlays -- Explanation of Key Differences -- Illustrative Trigger and Response -- Account Name -- Administering Organization -- Program Description -- Funding Source -- Differences between Estimated and Actual Outlays -- Explanation of Key Differences -- Account Name -- Administering Organization -- Program Description -- Funding Source -- Differences between Estimated and Actual Outlays -- Explanation of Key Differences -- Currently Existing Program Trigger and Response -- Illustrative Trigger and Response -- Account Name -- Administering Organization -- Program Description -- Funding Source -- Differences between Estimated and Actual Outlays -- Currently Existing Program Triggers and Responses -- Illustrative Trigger and Response -- Account Name -- Administering Organization -- Funding Source -- Differences between Estimated and Actual Outlays -- Explanation of Key Differences -- Illustrative Trigger and Response -- Account Name -- Administering Organization -- Program Description -- Funding Source -- Differences between Estimated and Actual Outlays -- Explanation of Key Differences -- Illustrative Triggers and Responses -- APPENDIX II: ANALYSIS OF TOTAL OUTLAYS, RECEIPTS, AND FISCAL POSITION.

Aggregate Mandatory Spending Estimates Were Close to Actual Outlays but Large Differences Appear at the Account Level -- Differences between Estimated and Actual Mandatory Outlays Had Limited Effect on the Unified Deficit/Surplus -- APPENDIX III MANDATORY BUDGET ACCOUNTS -- End Notes -- Chapter 5 TRENDS IN DISCRETIONARY SPENDING -- ABSTRACT -- SUMMARY -- WHAT DOES DISCRETIONARY SPENDING INCLUDE?1 -- Budget Authority and Outlays -- TRENDS IN DISCRETIONARY SPENDING -- How has the Composition of Discretionary Spending Changed? -- Discretionary Defense Spending -- Discretionary Non-defense Spending -- Discretionary International Spending -- THE FY2009 BUDGET AND BEYOND -- CURRENT SITUATION -- DISCRETIONARY SPENDING IN THE LONG TERM -- End Notes -- CHAPTER SOURCES -- INDEX -- Blank Page.

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Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2024. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.