Premium
All Government Debt Is Not the Same: Different Problems Require Different Responses
Author(s) -
Keevey Richard F.
Publication year - 2015
Publication title -
public administration review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 2.721
H-Index - 139
eISSN - 1540-6210
pISSN - 0033-3352
DOI - 10.1111/puar.12447
Subject(s) - citation , debt , government (linguistics) , perspective (graphical) , computer science , library science , economics , philosophy , linguistics , finance , artificial intelligence
Threats of defaults in Greece and Puerto Rico should raise questions and concerns about debt in the United States. Our own states court trouble—in some states, dire and imminent trouble—by failing to put aside enough money for their nonbonded debt. The federal government has a longer-term structural problem with debt because of its unwillingness to coordinate tax policy with spending policy. Citizens need to look hard at these different problems to arm themselves in order to press our political leadership to respond appropriately.