Journal Article Restoring Fiscal Democracy
C. Eugene Steuerle
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Because of decisions made by long-dead policymakers, today’s elected officials have limited power to make spending decisions. Little spending is invested in our future, even as programs designed decades ago expand and lose focus on the problems they were intended to solve. This decline in fiscal democracy has significantly weakened recent presidents and Congresses, and it will hobble future ones unless we confront the fiscal legacy that locks us into decline. This article was originally published in the first quarter 2016 issue of the Milken Institute Review.

Research Areas Taxes and budgets
Tags Federal budget and economy Inequality and mobility