Bulletin n. 2-3/2012
October 2012-February 2013
CONTENTS
  • Section A) The theory and practise of the federal states and multi-level systems of government
  • Section B) Global governance and international organizations
  • Section C) Regional integration processes
  • Section D) Federalism as a political idea
    • Barth James R.
    Us Debt and Deficits: Time to Reverse the Trend
    in Economic Affairs , Volume 32, Issue 3, October 2012 ,  2012 ,  97-101
    This article provides a primer on budget deficits from the creation of the federal government. Today federal government spending is 24% of GDP (compared with its historical average of 8.8%), fuelling debt of historic levels. The only effective way to reduce debt levels is to cut entitlement programmes and then set a tax rate sufficient, over the course of the business cycle, to fund government spending.
    ©2001 - 2020 - Centro Studi sul Federalismo - P. IVA 94067130016