On December 22, 1987, President Reagan signed into law the Omnibus Budget Reconciliation Act (OBRA) of 1987 (Public Law 100-203). This bill contains major legislation affecting many Federal programs including those administered by the Social Security Administration (SSA). Among the SSA-related provisions are several Social Security coverage and revenue provisions recommended by the Administrati...

The Congressional Budget Office (CBO) and the staff of the Joint Committee on Taxation (JCT) have completed an estimate of the direct spending and revenue effects of an amendment in the nature of a substitute to H.R. 4872, the Reconciliation Act of 2010. The amendment discussed in this letter (hereafter called “the reconciliation proposal”) is the one that was made public on March 18, 2010, as ...

Eric Hanushek is Professor of Economics and of Public Policy and Director of the W. Allen Wallis Institute of Political Economy at the University of Rochester. He joined the University of Rochester in 1978 and has previously been Director of its Public Policy Analysis Program and Chairman of the Department of Economics. From 1983 through 1985, he was Deputy Director of the Congressional Budget ...

Eric Hanushek is a Professor of Economics and Public Policy and Director of the W. Allen Wallis Institute of Political Economy at the University of Rochester. He joined the University of Rochester in 1978 and has previously been Director of the university's Public Policy Analysis Program and Chairman of the Department of Economics. From 1983–85, he was Deputy Director of the Congressional Budge...

In this paper, the sustainability of public debt is interpreted as the result of the interaction of fiscal policy with the economic environment, and not as a statistical concept as in most of the recent literature. If debt must not explode over time, policy makers have to respond to the changing conditions in the macroeconomic environment. This paper defines the conditions which will ensure com...

This bulletin is based on research conducted by Professor Gavin Wood and Dr Melek Cigdem at the AHURI Research Centre—RMIT University, and Ms Deb Batterham and Professor Shelley Mallett at Hanover Welfare Services. The research examined, for the first time, the geography of homelessness in Australia and its relationship to potential structural drivers of homelessness (specifically housing and l...

We consider a general class of endogenous growth models with infinitely lived households and analyze how different budgetary rules affect the stability of the economy. We show that a discretionary fiscal policy implies that the government always violates its inter-temporal budget constraint along a balanced growth path, whereas a balanced budget rule tends to stabilize the economy. A rule based...

0957-4174/$ see front matter 2013 Elsevier Ltd. All rights reserved. http://dx.doi.org/10.1016/j.eswa.2013.08.061 ⇑ Corresponding author. Address: Faculty of Administration, University of Ljubljana, Gosarjeva Ulica 5, 1000 Ljubljan, Slovenia. Tel.: +386 1 580 55 48; fax: +386 1 580 55 21. E-mail address: [email protected] (A. Aristovnik). 1 The state allocates a relatively larg...

Historians have established that inter-service rivalry over budget allocations between the Imperial Japanese Navy and the Imperial Army played a crucial role in the genesis of World War Two in the Pacific. The adoption of a nanshin (‘southward advance’) strategy by the Navy may be explained as an attempt to maximize its budget leading directly to the fateful attack on Pearl Harbor in 1941. To d...

Materials and methods The government budget documents from 5 ministries including Ministry of Transport, Education, Interior, Public Health and Royal Thai Police were reviewed. Two researchers identified budget used in road safety projects with 5-E strategies independently; the kappa analysis was used to test inter-rater reliability. Information from Thai Health Promotion Foundation and Road Sa...