
Setting National Priorities
Description
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This new book, which continues Brookings' highly acclaimed and influential Setting National Priorities series, will serve as a guide for understanding and evaluating proposals of the next Congress and the new administration. It is also designed to inform the policy debate during the presidential election. Edited by Robert Reischauer, one of the nation's most noted budget experts, the book covers such critical issues as prospects for economic growth, how to reduce domestic discretionary spending, how to restructure Medicare; how much to lower the safety net, how to reshape national security for the post-Cold War world, whether to transform the tax system, and how to prepare for the retirement of the baby boom generation.
This book will be extremely useful for citizens anxious to make sense out of the campaign rhetoric, journalists attempting to explain the issues at play, and students of public policy, public health, political science, and economics.
In addition to Reischauer, the contributors include Henry J. Aaron, Barry Bosworth, Gary Burtless, David Cutler, William G. Gale, Thomas E. Mann, Charles L. Schultze, John D. Steinbruner, R. Kent Weaver, and Joshua M. Wiener.
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Content
- Cover
- Contents
- 1. The Budget: Crucible for the Policy Agenda
- The Roots of the Deficit Problem
- The Response to Growing Deficits
- Politics and Public Opinion
- Lessons for the Future
- Chapter Summaries
- Conclusion
- 2. Is Faster Growth the Cure for Budget Deficits?
- A Critical Distinction: Stimulating Demand versus Increasing Supply
- Federal Reserve Issue 1: How Much Slack?
- Federal Reserve Issue 2: How Fast Is America's Economic Potential Growing?
- Supply-Side Policies to Speed Growth
- Conclusion
- 3. The Future of the Social Safety Net
- The Social Safety Net for the Poor
- Rethinking the Federal Role in Safety Net Programs
- The 1996 Reforms and Issues for the Future
- Conclusion
- 4. The Unfulfillable Promise: Cutting Nondefense Discretionary Spending
- What Is the Nondefense Discretionary Portion of the Budget?
- Is All Discretionary Spending Really Discretionary?
- Trends in Nondefense Discretionary Spending
- The Appeal of Deficit Reduction through Discretionary Spending Cuts
- The Balanced Budget Proposals of 1995 and 1996
- How Realistic Are the Nondefense Discretionary Cuts?
- Making Do with Less: Strategies and Consequences
- Conclusion
- 5. International Security Reconsidered
- New Circumstances
- Basic Strategic Policy
- Costs and Consequences
- Perspective
- 6. Restructuring Medicare for the Future
- The Basics of Medicare
- Medicare Successes and Problems
- Why Do Medicare Costs Increase?
- The Political Context for Medicare Reform
- Options for the Future
- Capping Medicare Spending
- The Social Role of Medicare
- Conclusion
- 7. Fundamental Tax Reform: Miracle or Mirage?
- The Reform Proposals
- Elements of Tax Reform
- Dilemmas of Tax Reform
- What Can Tax Reform Do for Economic Growth?
- Conclusion
- 8. Preparing for the Baby Boomers' Retirement
- The Outlook
- Social Security
- Medicare
- Medicaid
- The Role of Funding
- Conclusion
- Appendix
- Index
- A
- B
- C
- D
- E
- F
- G
- H
- I
- J
- L
- M
- N
- O
- P
- R
- S
- T
- U
- V
- W
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