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I Overview: Returning Deficits and the Need for Fiscal Reform

I Overview: Returning Deficits and the Need for Fiscal Reform »

Source: U.S. Fiscal Policies and Priorities for Long-Run Sustainability

Series: Occasional Papers

Author(s): Martin Mühleisen , and Christopher Towe

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 January 2004

ISBN: 9781589062955

Keywords: Economic growth, medicare, tax cuts, health care, public debt, fiscal policy

U.S. government finances have experienced a remarkable turnaround in recent years. Within only a few years, hard-won gains of the previous decade have been lost and, instead of budget surpluses, deficits are...