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The Government Debt Iceberg (Research Monograph)
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Description for The Government Debt Iceberg (Research Monograph)
Paperback. This book shows by how much spending will need to be cut and taxes raised in order to make the government's fiscal position sustainable. Series: Research Monograph. Num Pages: 160 pages, illustrations. BIC Classification: KCP; KFFD. Category: (UP) Postgraduate, Research & Scholarly. Dimension: 130 x 200 x 9. Weight in Grams: 196.
Nobody who has even a passing acquaintance with economics could fail to realise that Western governments are highly indebted. Current generations have been consuming at the expense of future generations. However, just how indebted are we? The government measures how much it has borrowed to meet past spending commitments, but it does not measure how much money it needs to meet all the future pensions and healthcare promises it has made to tomorrow s older generations. Furthermore, no funds have been set aside to provide for these costs. Governments are allowed to produce accounting information in such a cavalier fashion, ... Read more
Nobody who has even a passing acquaintance with economics could fail to realise that Western governments are highly indebted. Current generations have been consuming at the expense of future generations. However, just how indebted are we? The government measures how much it has borrowed to meet past spending commitments, but it does not measure how much money it needs to meet all the future pensions and healthcare promises it has made to tomorrow s older generations. Furthermore, no funds have been set aside to provide for these costs. Governments are allowed to produce accounting information in such a cavalier fashion, ... Read more
Product Details
Format
Paperback
Publication date
2015
Publisher
Institute of Economic Affairs
Condition
New
Series
Research Monograph
Number of Pages
160
Place of Publication
London, United Kingdom
ISBN
9780255366663
SKU
V9780255366663
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
About Unknown
Jagadeesh Gokhale is Senior Fellow at the Cato Institute in Washington DC.
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