Machine generated contents note: -- INTRODUCTION -- 1. Introduction -- THE PROBLEM -- 2. Meet the federal budget -- basics, vocabulary, etc. -- 3. The Budget Outlook -- where we are headed -- 4. Economic Effects of Public Debt -- why where we are headed is a problem -- 5. What would a solution look like? The right target, the fiscal gap, timing and uncertainty -- ON THE ROAD TO A SOLUTION -- 6. History -- How did we get here? What do we learn from that? -- 7. Growth -- Effect of tax and spending policy changes on growth -- 8. Fairness -- How income distribution and economic mobility issues affect fiscal choices -- 9. Politics -- Political factors and public opinion as they influence fiscal policy -- SOLUTIONS -- 10. Health care -- 11. Social security and retirement -- 12. Defense and national security -- 13. The safety net and government investment -- 14. Income tax reform -- 15. Corporate/business tax reform -- 16. Consumption tax/value-added tax -- 17. Energy taxes/Carbon tax -- 18. Budget process -- CONCLUSION -- 19. Conclusion.
Summary:
"America faces two related economic challenges. Rising federal debt will hurt our economy while a fractured society has left many people behind and let critical investments lag. This book proposes a plan to solve both problems and strengthen the economy and the nation for the future"-- Provided by publisher.
This resource is supported by the Institute of Museum and Library Services under the provisions of the Library Services and Technology Act as administered by State Library of Iowa.