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The Airport and Airway Trust Fund: A Continuing Controversy
Author(s) -
Zorn C. Kurt
Publication year - 1990
Publication title -
public budgeting and finance
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.694
H-Index - 30
eISSN - 1540-5850
pISSN - 0275-1100
DOI - 10.1111/1540-5850.00847
Subject(s) - blame , trust fund , politics , sovereign wealth fund , finance , business , economics , political science , market economy , incentive , law , psychology , psychiatry
Despite calls for increased outlays from the Airport and Airway Trust Fund to help finance improvements in the nation's air transportation system, the fund's surplus continued to grow during the Reagan years. It becomes readily apparent, when the issues surrounding the trust fund and its surplus are analyzed, that placing the blame solely on deficit considerations is too simplistic. Instead, partisan politics, the congressional budget process, delays in technology development, and budget pressures are responsible for the growing surplus.