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A Glimmer of Hope for Taming Government Debt

Law & Liberty
April 7, 2023
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Formal rules are the last hope to curb government debt, affirms Bruce Gilley in Law & Liberty. Drawing on global examples, Gilley outlines deficit-limiting fiscal rules, regulatory “sunset” clauses, the reconfiguration of entitlements like public pensions, and third-party reporting of government financial figures. He argues the United States is far behind other prosperous countries in confronting this challenge. Canada, take note.

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