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Putting Trust in the US Budget: Federal Trust Funds and the Politics of Commitment
By Eric M. Patashnik
245 pages
- Contributors:
- Publisher:
- Cambridge University Press
- Place of publication:
- Cambridge, England
- Publication year:
- 2000
- Subjects:
Synopsis
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 ...
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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Table of contents
The first page of every section is available free to non-members – click a section heading to start reading now!
- Putting Trust in the Us Budget *
- Theories of Institutional Design *
- Title Page *
- Contents vii
- Figures viii
- Tables ix
- Preface xi
- 1 - Introduction: Trust Funds and the Politics of Commitment 1
- 2 - Political Transaction Costs, Feedback Effects, and Policy Credibility 18
- 3 - Trust Fund Taxes Vs. General Fund Taxes 40
- 4 - Social Security 63
- 5 - Medicare 94
- 6 - Highways 113
- 7 - Airports 135
- 8 - Superfund 154
- 9 - Barriers to Trust Fund Adoption: the Failed Cases of Energy Security and Lead Abatement 173
- Putting Trust in the Us Budget *
- Theories of Institutional Design *
- Title Page *
- Contents vii
- Figures viii
- Tables ix
- Preface xi
- 1 - Introduction: Trust Funds and the Politics of Commitment 1
- 2 - Political Transaction Costs, Feedback Effects, and Policy Credibility 18
- 3 - Trust Fund Taxes Vs. General Fund Taxes 40
- 4 - Social Security 63
- 5 - Medicare 94
- 6 - Highways 113
- 7 - Airports 135
- 8 - Superfund 154
- 9 - Barriers to Trust Fund Adoption: the Failed Cases of Energy Security and Lead Abatement 173
- 10 - Conclusions: the Structure and Normative Challenges of Promise-Keeping 188
- Bibliography 205
- Subject Index 226