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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About the Author
Alice M. Rivlin is a senior fellow in the Economic Studies program at the Brookings Institution. She has also served as the founding director of the Congressional Budget Office, director of the Office of Management and Budget, and vice chair of the Federal Reserve System’s Board of Governors.
Isabel Sawhill is vice president and director of Economic Studies at Brookings and has served as associate director of OMB.
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First Sentence:
The nation is headed for a fiscal train wreck. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
smaller government plan, excess cost growth, federal health care spending, larger government plan, restoring fiscal sanity, hybrid indexing, other federal spending, government scenario, full benefit age, adjusted baseline, recent tax cuts, debt explosion, budget outlook, price indexing, chief actuary, total federal spending, premium support, retail sales tax Key Phrases - Capitalized Phrases (CAPs): (learn more)
Social Security, United States, Congressional Budget Office, New York, Fiscal Years, President Bush, Office of Chief Actuary, Tax Notes, World War New!
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Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
The nation is headed for a fiscal train wreck. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
smaller government plan, excess cost growth, federal health care spending, larger government plan, restoring fiscal sanity, hybrid indexing, other federal spending, government scenario, full benefit age, adjusted baseline, recent tax cuts, debt explosion, budget outlook, price indexing, chief actuary, total federal spending, premium support, retail sales tax Key Phrases - Capitalized Phrases (CAPs): (learn more)
Social Security, United States, Congressional Budget Office, New York, Fiscal Years, President Bush, Office of Chief Actuary, Tax Notes, World War New!
Books on Related Topics | Concordance | Text Stats Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
Citations (learn more)
This book cites 16
books:
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- Restoring Fiscal Sanity: How to Balance the Budget by Alice M. Rivlin on 4 pages
- Social Security by Sylvester J. Schieber on page 65, page 71, and page 72
- Saving Social Security: A Balanced Approach by Peter A. Diamond on page 69, and page 71
- The Real Deal: The History and Future of Social Security by Mr. Sylvester J. Schieber on page 70, and page 72
- Public Finance by Harvey Rosen on page 117
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