Putting Trust in the US Budget

Federal Trust Funds and the Politics of Commitment

By:

Eric M Patashnik

Format:

Hardback

Series:

Theories of Institutional Design

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Description

In the United States many important programs are paid from trust funds. At a time when major social insurance funds are facing insolvency, this book provides the first comprehensive study of this significant yet little-studied feature of the American welfare state. Equally importantly, the author investigates an enduring issue in democratic politics: can current officeholders bind their successors? By law, trust funds, which get most of their money from earmarked taxes, are restricted for specific uses. Patashnik asks why these structures were created, and how they have affected political dynamics. He argues that officeholders have used trust funds primarily to reduce political uncertainty, and bind distant futures. Based on detailed case studies of trust funds in a number of policy sectors, he shows how political commitment is a developmental process, whereby precommitments shape the content of future political conflicts. This book will be of interest to students of public policy, political economy and American political development.

Release date NZ

August 17th, 2000

Author

Eric M Patashnik

Audience

Professional & Vocational

Illustrations

17 Tables, unspecified

Pages

246

Series

Theories of Institutional Design

Dimensions

152x229x17

ISBN-13

9780521771740

Product ID

2161299

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