Restoring generational balance in U.S. fiscal policy: what will it take?

Alan Auerbach, Jagadeesh Gokhale and Laurence Kotlikoff

Economic Review, 1995, issue Q I, 2-12

Abstract: A study of the magnitudes of tax increases, transfer cuts, or reductions in government purchases that would be needed to rectify the huge imbalance in the generational stance of U.S. fiscal policy, concluding that congressionally proposed outlay reductions in nondefense and non-Social Security spending would still be insufficient to bridge the gap.

Date: 1995
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