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Publication Date: June 2007
Publisher: Tax Policy Center
Author(s): C. Eugene Steuerle
Research Area: Government
Keywords: Governance; Fiscal future
Type: Report
Abstract:
Let's get the facts straight. The nation's current fiscal mess stems from increasingly foolhardy efforts by both major political parties to control an uncertain future long, long before it has arrived. We've been in budget jams before, but not like this one. For perspective, what if during William Howard Taft's presidency Congress had enacted laws that would predetermine all spending from its day on and well into the 21st century?