Brief
November 3, 2016
Primary tasks
Abstract
We usually think of lame ducks as politicians who have lost influence to their successors, but the next president could enter office with his or her influence already lost to his or her predecessors. The growing revenues that accompany economic growth traditionally provide a way for government to address new needs and priorities. But because of the increasing dominance of autopilot programs with built-in growth, all those revenues plus additional borrowing are required to pay for health and retirement expenses and interest on the debt.
Research Area
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