| Description |
1 online resource (342 pages) |
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text file |
| Contents |
Cover; WHEN STATES GO BROKE; Title; Copyright; Contents; Figures; Tables; Contributors; Acknowledgments; Introduction: The Perennial Crisis for the American States; PART I: The Origins of the States in Fiscal Crisis; I: Fiscal Institutions and Fiscal Crises; I: TAXING, SPENDING, AND BORROWING; II. THE STATE GOVERNMENT FISC IN AMERICAN HISTORY; III. BUDGETS AND DEBTS; IV. FISCAL CONSTITUTIONS; V. THE PATTERN OF FISCAL CONSTITUTIONS OVER TIME; Debt Procedures and Limitations; Balanced Budget Restrictions; RDFs and TELs; VI. HISTORICAL PATTERNS AND RECURSIVE INSTITUTIONAL CHANGE; VII. LESSONS. |
| Bibliography |
REFERENCES2: Obligations Without the Power to Fund Them; I. SOME CAVEATS ABOUT DATA; II. A BRIEF PRIMER ON THE FISCAL IMPLICATIONS OF THE FEDERAL SYSTEM; III. HALFWAY TO KENYESIANISM-THE RISE OF COUNTERCYCLICAL EXPENDITURES AT THE STATE LEVEL; Iv. MEDICAID-THE EXPANSION OF THE UNEMPLOYMENT INSURANCE MODEL OF COUNTERCYCLICAL SPENDING; V. TAXES-STRUCTURAL INADEQUACY AND PRO-CYCLICALITY; VI. THE CHANGING NATURE OF ECONOMIC CYCLES; VII. CONSEQUENCES-PART I-THE SOURCES AND MAGNITUDE OF STATE SHORTFALLS. |
| Contents |
VIII. CONSEQUENCES -- PART II -- HOW THE RESPONSE TO STATE SHORTFALLS IS HURTING THE U.S. ECONOMYIX. SOLUTIONS -- REFEDERALIZATION OF COUNTERCYCLICAL SPENDING OR STRUCTURED FEDERAL SUPPORT FOR STATES; 3: Public Pension Pressures in the United States; I.A BRIEF BACKGROUND ON STATE PENSION PLANS; II. THE STRUCTURE OF PUBLIC SECTOR-DEFINED BENEFIT PLANS; III. RECENT CONCERNS ABOUT STATE PENSION PLANS; IV. HOW IMPORTANT IS THIS?; V. REFORMS UNDERWAY; CONCLUSIONS; REFERENCES; 4: Structural Challenges in State Budgeting; I. REVENUE CHALLENGES; II. VOLATILITY; III. SALES TAX INSUFFICIENCY. |
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IV. PROPERTY TAX LIMITATIONSV. EXPENDITURE CHALLENGES; VI. SECTORAL CHALLENGES; VII. THE TEACHER EXPLOSION; VIII. RISING MEDICAL COSTS; IX. EMPLOYEE BENEFITS; X. ADDRESSING STRUCTURAL CHALLENGES; XI. TAX REFORM FOR STATES; XII. CONTROLLING HEALTH CARE AND EDUCATION COSTS; PART II: The Legal and Political Context of Public Debt; 5: What States Can Learn From Municipal Insolvency; I. THE LIMITED UTILITY OF MUNICIPAL BANKRUPTCY; II. CRITERIA FOR ENTERING BANKRUPTCY; III. ALTERNATIVES TO STATE BANKRUPTCY; State Default; Federal Bailout; CONCLUSION; 6: Market Discipline and U.S. Federalism. |
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INTRODUCTIONI. THE PROBLEM OF FISCAL DISCIPLINE IN FEDERATIONS; II. TWO PATHS TO FISCAL DISCIPLINE: HIERARCHY AND MARKETS; III. WHEN FEDERATIONS FAIL; IV. DEFAULT AND THE FOUNDATIONS OF MARKET DISCIPLINE; V. IMPLICIT BAILOUTS AND THE CHALLENGE TO MARKET DISCIPLINE; VI. CAN MARKET DISCIPLINE SURVIVE?; VII. TOWARD A REFORM AGENDA; REFERENCES; 7: American States and Sovereign Debt Restructuring; INTRODUCTION; I. DEBT AND DISTRESS; II. SOVEREIGN DEBT RESTRUCTURING; Episodes; Costs and Consequences; Lessons for States; III. PROPOSALS FOR SOVEREIGN BANKRUPTCY REGIMES; Motivations; Proposals. |
| Summary |
When States Go Broke discusses the ongoing fiscal crisis among the American states. |
| Local Note |
eBooks on EBSCOhost EBSCO eBook Subscription Academic Collection - North America |
| Subject |
State government bankruptcy -- United States.
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State government bankruptcy. |
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United States. |
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Finance, Public -- United States -- States.
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Finance, Public. |
| Genre/Form |
Electronic books.
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Electronic books.
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| Added Author |
Skeel, David A., Jr., 1961-
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| Other Form: |
Print version: Conti-Brown, Peter. When States Go Broke : The Origins, Context, and Solutions for the American States in Fiscal Crisis. Cambridge : Cambridge University Press, ©2012 9781107023178 |
| ISBN |
9781139517065 |
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1139517066 |
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9781139150835 (electronic book) |
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1139150839 (electronic book) |
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9781139518925 (electronic book) |
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1139518925 (electronic book) |
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9781107023178 |
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1107023173 |
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9781139515412 |
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