CHAPTER 1 INTRO PUBLIC SECTOR-4

CHAPTER 1 INTRO PUBLIC SECTOR-4 - OUTLINE OF LECTURE ECON...

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© Charles R. Hulten 2011 1 ECON 454 PUBLIC FINANCE CHAPTER 1 STRUCTURE OF THE PUBLIC FINANCES, THE RECENT CRISIS, AND PLANS FOR REFORM © Charles R. Hulten 2011 2 OUTLINE OF LECTURE THE PUBLIC SECTOR INTRODUCTION THE STRUCTURE OF THE PUBLIC SECTOR FISCAL FEDERALISM, CHECKS AND BALANCES TRENDS IN EXPENDITURES TRENDS IN TAXATION INCIDENCE OF TAXES: WHO PAYS CURRENT REFORM EFFORTS THE APPROACHING DEFICIT NIGHTMARE THE CENTRAL ROLE OF HEALTH CARE ENERGY INDEPENDENCE © Charles R. Hulten 2011 3 UNDERSTANDING PUBLIC ECONOMICS HAS NEVER BEEN MORE IMPORTANT THE WINDS OF PUBLIC POLICY HAS ALTERNATED BETWEEN PERIODS IN WHICH CONSIDERATIONS OF ECONOMIC GROWTH AND PRODUCTIVE EFFICIENCY HAVE BEEN GIVEN PRIMACY, PERIODS WHEN EQUITY AND SOCIAL JUSTICE IS DOMINANT. WE MAYBE AT ONE OF THE TURNING POINTS IN THIS CYCLE. THE SIZE AND ROLE OF GOVERNMENT IS UNDER INTENSE DEBATE UNIVERSAL HEALTH CARE SHIFT TO ENERGY INDEPENDENCE AND RENEWABLE ENERGY SOURCES, REGULATION OF C02 REGULATION OF FINANCIAL SECTOR ECONOMIC STIMULUS INCREASED TAX BURDEN ON RICH HUGE PROJECTED FUTURE
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This note was uploaded on 10/24/2011 for the course ECON 454 taught by Professor Staff during the Spring '08 term at Maryland.

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CHAPTER 1 INTRO PUBLIC SECTOR-4 - OUTLINE OF LECTURE ECON...

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