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Counting the ways : the structure of federal spending /

"Public discussion of federal fiscal policy typically focuses on several familiar metrics of performance, including the total deficit, the level of public debt and percentage of federal spending committed to mandatory spending and net interest payments. While useful, these measures are based on...

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தலைமை எழுத்தாளர்: Jackson, Howell E.
குழும எழுத்தாளர்: John M. Olin Center for Law, Economics, and Business.
வடிவம்: புத்தகம்
மொழி:English
வெளியீடப்பட்டது: Cambridge, MA : Harvard Law School, [2007]
தொகுதி:Discussion paper (John M. Olin Center for Law, Economics, and Business) ; no. 583.
பகுதிகள்:
Government spending policy > United States.
Budget > United States.
Budget deficits > United States.
Entitlement spending > United States.
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040 |a MH-L  |c MH-L 
043 |a n-us--- 
050 4 |a KF209  |b .D57 no. 583 
100 1 |a Jackson, Howell E. 
245 1 0 |a Counting the ways :  |b the structure of federal spending /  |c Howell E. Jackson. 
260 |a Cambridge, MA :  |b Harvard Law School,  |c [2007] 
300 |a 41 p. ;  |c 28 cm. 
490 1 |a Discussion paper,  |x 1045-6333;  |v no. 583 
500 |a "03/2007." 
504 |a Includes bibliographical references. 
520 3 |a "Public discussion of federal fiscal policy typically focuses on several familiar metrics of performance, including the total deficit, the level of public debt and percentage of federal spending committed to mandatory spending and net interest payments. While useful, these measures are based on accounting conventions developed years ago, and do not capture many of the ways in which the federal government now commits public resources, including obligated budget authority, guarantees associated with various government insurance programs, retirement benefits for federal workers and military personnel, and -- most substantially -- federal social insurance programs such as Social Security and Medicare. Collectively these programs and activities represent substantial and largely overlooked current commitments of future federal resources. After reviewing current measures of fiscal performance, the article presents several alternative ways to quantify federal financial performance over the first half of this decade utilizing more comprehensive measures of mounting federal financial obligations. So, for example, while the commonly reported total deficit of the federal government in FY2005 was $318 billion, a more comprehensive measure of fiscal results over the course of the same year would have shown a deterioration in the country's net financial position in excess of $3.3 trillion -- that is, an order of magnitude larger. To promote more informed debate and encourage more responsible public leadership, the more comprehensive measures of fiscal performance described in this article should be adopted as the primary metrics for reporting the financial performance of the federal government. (US, Canada)"--John M. Olin Center for Law, Economics, and Business web site. 
530 |a Discussion papers published since September 1997 are available for downloading free of charge from the Olin Center web site. 
650 0 |a Government spending policy  |z United States. 
650 0 |a Budget  |z United States. 
650 0 |a Budget deficits  |z United States. 
650 0 |a Entitlement spending  |z United States. 
700 1 |a Jackson, Howell E. 
710 2 |a John M. Olin Center for Law, Economics, and Business. 
830 0 |a Discussion paper (John M. Olin Center for Law, Economics, and Business) ;  |v no. 583. 
988 |a 20070713 
906 |0 MH 

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