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Tax Rate Reductions Strengthen the Economy, But Excessive Government Spending Threatens Long-Run Performance

To enhance economic performance, Congress should make thepro-growth portions of the Bush tax cuts permanent, implementreforms to shift the Internal Revenue Code closer to a simple andfair flat tax, cap the growth of federal spending, eliminateprograms or devolve them to the state and local levels, reformentitlements, and use cost-benefit analysis to rein in regulatoryexcess.
United States Hong Kong Franklind Roosevelt Michellel Muccio Georgew Bush Bill Clinton

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Australia's Privatized Retirement System: Lessons for the UnitedStates

Like the United States, Australia has been confronted by a dual crisis in its government-run old-age pension system. Benefits payments to an aging population threatened to consume ever larger amounts of Australia's budget according to projections in the 1980s, yet the Australian Social Security system clearly was unable to provide an adequate income for retirees.
United States United Kingdom Australian Capital Territory Commonwealth Of Australia Great Britain Davidm Knox

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