Putting Trust in the U.S. Budget: Federal Trust Funds and the Politics of Commitment
(Part of the Theories of Institutional Design Series)
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Book Overview
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 provided 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.
Format:Paperback
Language:English
ISBN:0521777488
ISBN13:9780521777483
Release Date:August 2000
Publisher:Cambridge University Press
Length:246 Pages
Weight:0.80 lbs.
Dimensions:0.6" x 6.0" x 9.0"
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