Reviving the American Dream: The Economy, the States & the Federal Government

By Alice M. Rivlin | Go to book overview

Foreword

In recent years, Americans have been increasingly concerned about a double challenge: revitalizing their economy and making their government work better. The economy has been performing poorly for nearly two decades, and the long-run outlook is discouraging. Moreover, the political system appears unable to take decisive actions, such as eliminating the federal deficit and improving education, that would brighten prospects for the economy.

In this book, Alice M. Rivlin examines the two challenges simultaneously and suggests that a key to meeting both of them may lie in restructuring the American federal system. She proposes a cleaner division of responsibilities between the state and federal governments in hopes of improving economic policy and revitalizing government at both levels.

Alice M. Rivlin is a senior fellow in the Brookings Economic

-vii-

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Reviving the American Dream: The Economy, the States & the Federal Government
Table of contents

Table of contents

  • Title Page iii
  • The Brookings Institution v
  • Foreword vii
  • Contents ix
  • One the Dream, the Reality, and Some Solutions 1
  • Two Federal Policy Goes Global 20
  • Three Long-Term Goals for the Economy 32
  • Four Good News and Disappointment 42
  • Five What Went Wrong and What to Do About It 65
  • Six the Evolution of American Federalism 82
  • Seven Rethinking Federalism 110
  • Eight Paying for Stronger States 126
  • Nine Social Insurance: A Federal Priority 153
  • Ten Federalism Faces New Challenges 177
  • Recommended Readings 183
  • Index 188
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