Fiscal Slack (Part 1 of 2)

Research Report

Fiscal Slack (Part 1 of 2)

Part One: Historical Perspective
August 21, 2000

Abstract

Senior Fellow discusses a major dilemma facing the nation: best described as the lack of fiscal slack -- the inability to shift resources either to the greatest needs of society, reflected in no small part by the proportion of government revenues available for new domestic initiatives that respond to current demands.

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