The Decline of Fiscal Democracy in America: A New Video Series by Eugene Steuerle

On January 3, 2013, the 113th session of the U.S. Congress opened with a fiscal cliff averted, but a country still stuck in a less-recognized fiscal bind.

In the first video of a three-part series, I explore one of the major reasons recent Congresses have been so dysfunctional: all, or almost all, the revenue to be collected by the Treasury Department was spent before lawmakers walked in the door.

I further discuss how spending and tax subsidy programs on autopilot, along with a tax system inadequate to pay our bills and rife with gaping holes, handicap lawmakers’ and the public’s ability to set new goals for solving today’s and tomorrow’s problems.


3 Comments on “The Decline of Fiscal Democracy in America: A New Video Series by Eugene Steuerle”

  1. Younger generations can still make changes, provided they come out and vote. That is the essence of our problem. Also, Obama proved that new programs and taxes can be enacted by getting the Affordable Care Act passed, although this burdens the future even more.


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