Journal Article

Generational equity and sustainability in U.S. fiscal policy

Abstract: If U.S. spending goes as projected, future generations will give up almost half their lifetime labor income to balance the government's books. After showing that current policy is not sustainable, this article reports the size and timing of the changes necessary to make it so.

Keywords: Fiscal policy; Taxation;

Bibliographic Information

Provider: Federal Reserve Bank of Cleveland

Part of Series: Economic Commentary

Publication Date: 1998

Issue: Apr

Order Number: 2