Putting Trust US Budget Federal Trust Funds Politics Commitment E… 9780521771740

Description: Putting Trust in the US Budget: Federal Trust Funds and the Politics of Commitment (Theories of Institutional Design)Eric M. Patashnik Cambridge University Press Hardcover Unused and unread, minor cosmetic imperfections such as scuffing or minor creasing. Stamped 'damaged' by publisher to a non-text page. EAN: 9780521771740 Published 17/08/2000 Language: English In the United States many important programs are paid from trust funds. At a time when major social insurance funds are facing insolvency, this book provided the first comprehensive study of this significant yet little-studied feature of the American welfare state. Equally importantly, the author investigates an enduring issue in democratic politics: can current officeholders bind their successors? By law, trust funds, which get most of their money from earmarked taxes, are restricted for specific uses. Patashnik asks why these structures were created, and how they have affected political dynamics. He argues that officeholders have used trust funds primarily to reduce political uncertainty, and bind distant futures. Based on detailed case studies of trust funds in a number of policy sectors, he shows how political commitment is a developmental process, whereby precommitments shape the content of future political conflicts. This book will be of interest to students of public policy, political economy and American political development. 1. Introduction trust funds and the politics of commitment 2. Political transaction costs, feedback effects, and policy credibility 3. Trust fund taxes vs general fund taxes 4. Social security 5. Medicare 6. Highways 7. Airports 8. Superfund 9. Barriers to trust fund adoption the failed cases of energy security and lead abatement 10. Conclusions The structure and normative challenge of promise-keeping. DispatchIn stock here - same-day dispatch from England. My SKU: 3254671RefundsNo-hassle refunds are always available if your book is not as expected.Terms and Conditions of SaleSorry - no collections. All sales are subject to extended Terms and Conditions of Sale as well as the Return Policy and Payment Instructions. Visit my eBay Store for details andmany more books. Template layout and design, "JNC Academic Books", "needbooks", Copyright © JNC INC. Designated trademarks, layouts and brands are the property of their respective owners. All Rights Reserved.

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