Restoring Fiscal Sanity 2005: Meeting the Long-Run Challenge [NOOK Book]

Overview

The retirement of the baby boom generation will create spiraling costs for health care and pension programs. Combined with lower revenues, these developments will lead to a decline in economic growth if nothing is done. In this second volume of Restoring Fiscal Sanity, a group of policy experts focus on how to bring spending and revenues in line over the next decade, and even more important, how to balance them over the longer term. They suggest reforms in the tax system, Social Security, and Medicare that might ...

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Restoring Fiscal Sanity 2005: Meeting the Long-Run Challenge

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Overview

The retirement of the baby boom generation will create spiraling costs for health care and pension programs. Combined with lower revenues, these developments will lead to a decline in economic growth if nothing is done. In this second volume of Restoring Fiscal Sanity, a group of policy experts focus on how to bring spending and revenues in line over the next decade, and even more important, how to balance them over the longer term. They suggest reforms in the tax system, Social Security, and Medicare that might close this looming gap and put the nation on a sounder fiscal footing.

Contributors include Henry J. Aaron, William G. Gale, Ron Haskins, Jack Meyer, and Peter R. Orszag (Brookings Institution), Rudolph G. Penner and C. Eugene Steuerle (Urban Institute), and John B. Shoven (Stanford University).

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Product Details

  • ISBN-13: 9780815797791
  • Publisher: Brookings Institution Press
  • Publication date: 4/28/2005
  • Sold by: Barnes & Noble
  • Format: eBook
  • Pages: 146
  • File size: 878 KB

Meet the Author

Alice M. Rivlin is a senior fellow in Economic Studies at the Brookings Institution and visiting professor at the Georgetown Public Policy Institute. She has been director of both the White House Office of Management and Budget and the Congressional Budget Office, and has served as vice chair of the Federal Reserve Board. Among her previous books is Beyond the Dot.coms: The Economic Promise of the Internet (Brookings, 2001), written with Robert Litan. Isabel Sawhill is vice president and director of the Economic Studies program at the Brookings Institution. She served as associate director of the Office of Management and Budget.

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Table of Contents

1 Dimensions of the budget problem 17
2 The size and role of government 35
3 Social Security 55
4 Health 73
5 Tax policy solutions 99
6 The politics of deficit reduction 119
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