Putting Trust in the US Budget: Federal Trust Funds and the Politics of Commitment / Edition 1

Putting Trust in the US Budget: Federal Trust Funds and the Politics of Commitment / Edition 1

by Eric M. Patashnik
     
 

ISBN-10: 0521777488

ISBN-13: 9780521777483

Pub. Date: 01/28/2011

Publisher: Cambridge University Press

In the United States many important programs, such as Social Security and Medicare, are paid from trust funds. At a time when major social insurance funds are facing insolvency, this timely book provides the first comprehensive study of this significant yet little-studied feature of the American welfare state. Trust funds are at the heart of US budgeting and public

Overview

In the United States many important programs, such as Social Security and Medicare, are paid from trust funds. At a time when major social insurance funds are facing insolvency, this timely book provides the first comprehensive study of this significant yet little-studied feature of the American welfare state. Trust funds are at the heart of US budgeting and public social provision, and also raise a fundamental question of democratic politics: can current officeholders bind their successors? Through detailed case studies Patashnik shows how long term government commitments are effectively designed.

Product Details

ISBN-13:
9780521777483
Publisher:
Cambridge University Press
Publication date:
01/28/2011
Series:
Theories of Institutional Design Series
Edition description:
New Edition
Pages:
246
Product dimensions:
5.98(w) x 8.98(h) x 0.55(d)

Table of Contents

1. Introduction: trust funds and the politics of commitment; 2. Political transaction costs, feedback effects, and policy credibility; 3. Trust fund taxes vs general fund taxes; 4. Social security; 5. Medicare; 6. Highways; 7. Airports; 8. Superfund; 9. Barriers to trust fund adoption: the failed cases of energy security and lead abatement; 10. Conclusions: The structure and normative challenge of promise-keeping.

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