budget it borrowing
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Why IT must escape the belt-tightening
Comment The higher cost of borrowing and the gradual erosion of confidence are two obvious signs the clouds that were on the horizon are now lurking overhead. As the economy wobbles, the bean-counters instinctively reach for the IT budget. [18 Apr 2008]
Decentralization and the Challenge of Hard Budget Constraints
White Paper In many developing and transition economies that are rapidly decentralizing, hard budget constraints may require rules that restrain local borrowing in the short term. Indeed, they can facilitate it by promoting local revenue collection, improving... [10 Apr 2008]
Tax-Credit Bonds and the Federal Cost of Financing Public Expenditures
White Paper In instances in which the bonds would be used as an alternative to federal appropriations as a source of funding, the cost to the federal government would be greater than it would be with financing through conventional borrowing by the Department... [29 Jun 2005]
Should the Budget Be Changed to Exclude the Cost of Individual Accounts?
White Paper Treating federal borrowing for individual accounts differently from federal borrowing for other purposes would create a large loophole in longstanding budget rules that is unwarranted and inconsistent with other federal budgeting practice. [20 May 2005]
Would Borrowing $2 Trillion for Individual Accounts Eliminate $10 Trillion in Social Security Liabilities?
White Paper The $10 trillion number is taken out of context; it refers to the Social Security shortfall not over 75 years, but into eternity. Administration officials have been downplaying the significance of the $2 trillion in transition costs required by... [20 May 2005]
The Ultimate Burden of the Tax Cuts: Once the Tax Cuts Are Paid for, Low- and Middle-Income Households Likely to Be Net Losers, on Average
White Paper To date, the tax cuts have been funded with increased borrowing. It can also create the misleading impression that tax cuts make almost everyone better off because the direct tax-cut benefits are immediate and quantifiable but the ultimate costs... [20 May 2005]
An Analysis of Senator Graham's Social Security Plan
White Paper The plan rests on large-scale borrowing that would increase deficits and the national debt for decades. It would result in deep cuts in Social Security benefits, yet do little or nothing to improve the government's long-term fiscal imbalance. [20 May 2005]
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