ENGLISH

Putting Trust in the US Budget: Federal Trust Funds and the Politics of Commitment (Theories of Institutional Design)

By Eric M. Patashnik

Book information

Year
2000
ISBN
0521771749, 9780521771740, 9780511016783
Open Library ID
OL7752928M
Language
english
Format
PDF
Filesize
1 MB (1314104 bytes)
Edition
1
Pages
246\247
Time added
2011-06-04 13:46:07

Description

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.

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