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Putting Trust in the U.S. Budget: Federal Trust Funds and the Politics of Commitment

Putting Trust in the U.S. Budget: Federal Trust Funds and the Politics of Commitment

Paperback

Series: Theories of Institutional Design

General Political ScienceUnited States Politics

ISBN10: 0521777488
ISBN13: 9780521777483
Publisher: Cambridge
Published: Aug 17 2000
Pages: 246
Weight: 0.80
Height: 0.63 Width: 6.03 Depth: 8.98
Language: English
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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United States Politics