Tackling the Federal Debt Problem Fairly

Autor/in	Gale, William G.
Titel	Tackling the Federal Debt Problem Fairly
Quelle	In: Journal of Economic Education, 51 (2020) 3-4, S.332-358 (27 Seiten)Infoseite zur Zeitschrift PDF als Volltext Verfügbarkeit
Sprache	englisch
Dokumenttyp	gedruckt; online; Zeitschriftenaufsatz
ISSN	0022-0485
DOI	10.1080/00220485.2020.1804508
Schlagwörter	Debt (Financial); Federal Government; Justice; Economics; Financial Policy; Finance Reform; Taxes; Economics Education + Suchen Sie Ihr Suchwort? Bundesregierung; Gerechtigkeit; Volkswirtschaftslehre; Fiscal policy; Finanzpolitik; Financial reform; Finanzreform; Abgabe; Wirtschaftskunde
Abstract	Rising federal debt threatens to reduce the growth of the economy, people's living standards, wages, and the standard of living. A policy solution needs to respect many constraints, most importantly, that it is seen as fair--both within generations and across generations. This article addresses concepts of fairness and their application to resolutions of the federal debt problem. The major conclusions are that policymakers should push only limited amounts of debt to future generations and that they should use the need to reform fiscal policy as a way to expand government investments in a wide range of programs--ranging from early childhood to higher education, from infrastructure to basic research. The resolution of these issues will also require progressive tax reforms. (As Provided).
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Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2024/1/01