Putting Trust in the US Budget

Discover the intricate dynamics of American public finance in Putting Trust in the US Budget by Eric M. Patashnik, published by Cambridge University Press in 2000. This insightful book spans 246 pages and serves as the first comprehensive study of trust funds that support vital programs such as Social Security and Medicare. Patashnik delves into the complexities of the American welfare state, exploring the often-overlooked role of pension trusts in shaping fiscal policy. He poses a critical question about democratic governance: can current officeholders effectively bind their successors to these financial commitments? This thought-provoking analysis is essential for anyone interested in the intersections of political economy, public policy, and the future of social welfare in the United States. Enhance your understanding of economic policy and the political landscape with this essential read.