Lockbox government
After 10 years of budget cuts, policy-makers are protecting key agencies and programs by locking away their funding for years to come.
Last year, the Clinton administration unveiled a proposal to protect
The Clinton plan is an ambitious attempt to shape spending decisions by the next seven Congresses. Borrowing a term more commonly used by bankers, Clinton said his law would create "a true lockbox:' Through changes to budgeting laws, the $3 trillion would be segregated so that future Congresses couldn't use it for other purposes.
Clinton's proposal is the most recent and dramatic illustration of a broad new trend: lockbox government. Around the world, policy-makers are finding innovative ways to protect public programs from pressure for continued cutbacks to government spending. Key activities-and whole agencies-- are being excluded from normal budget processes and given the protection of long-term funding guarantees.
In addition, make sure to read these articles:
- Social Security and the New Fiscal Policy
- Nova Media Inc. Presents: Saving Social Security a Utopia: Solutions to Retirement...
- Social Security Reform and National Saving in an Era of Budget Surpluses.
- EC$25 MILLION BANANA TRUST FUND.
- Harbingers of a troubled future
- SOL on trust fund recovery assessments.
- Check trust fund statutes.
- Medicare faces identity crisis as program turns 30 years old.
- Budget accord seeks 20% reduction in Medicare fees.
- Prospect of spring gives hope to reform measures.
- DOL reviewing 'Baby UI' comments. (Federal Regulations).
- WWF Helps Set Up Amazon Trust Fund; Goal Is Protection of Area Bigger Than U.S. Parks...
- Airport and Airway Trust Fund: Financial Outlook Is Positive, but the Trust Fund's...
- INTRODUCTION: Reforestation Trust Fund
- INTRODUCTION: Vaccine Injury Compensation Trust Fund
Email
Digg It
del.icio.us
Related Resources
Press Releases
- Nova Media Inc. Presents: Saving Social Security a Utopia: Solutions to Retirement Problems and an Analysis of the Federal Budget.
- Akamai Appoints William A. Halter to Its Board of Directors; Former Acting Commissioner of Social Security and Advisor to the President to Sit on Akamai Board.
- Report: State Must Act Before More Lose Coverage.
Business Resources
Sponsored Links
Site Map | Contact Us | FAQs | About Us | Media Kit | Reprints | RSS Directory | Sign Up for Free Newsletters | Disclosure Policy
Copyright © 1999 - 2008 AllBusiness.com, Inc. All rights reserved.
No part of this content or the data or information included therein may be reproduced,
republished or redistributed without the prior written consent of AllBusiness.com.
Use of this site is governed by our Copyright and Intellectual Property Policy, Terms of Use Agreement and Privacy Policy.
Provided by ProQuest, LLC. All rights Reserved.
You may not repost, republish, reproduce, package and/or redistribute the content of this page,
in whole or in part, without the written permission of the copyright holder.
Online Business Database | Online Business Information | Sales and Marketing Solutions | Business Mailing Lists
AllBusiness.com, its parent company D&B, and its affiliates.
