Part 2 - The Why and How of Long-Term Budgeting
Published online by Cambridge University Press: 18 December 2009
Summary
Fiscal language issues arise both latitudinally and longitudinally – that is, both across time and across program categories. Part Two takes the latitudinal view, examining issues of long-term budgeting. To this end, Chapter 4 examines why budgeting over time, even if poorly measured by deficits, is considered (and is) important. Chapter 5 explores how to address the measurement issues raised by the long-term issues. Chapter 6 discusses why the long-term budgeting outlook in the United States (as well as elsewhere) has grown so dark, and how, as a matter of political economy and rule design, the approaching dangers could be addressed.
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- Publisher: Cambridge University PressPrint publication year: 2006