POLS 207 Lecture Notes - Lecture 9: Theories Of Political Behavior, Regressive Tax, Unemployment Benefits
20 Sep 2016
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Note that promises the bond holder that they will get paid back. Personal and government finance principles should be similar. Borrowing is taxation on the future, onto future users and tax payers. Only things to be used right now should be used for cash, future purchases for credit. Most expensive government expenses: medicare, medicate, healthcare, military. Unemployment insurance only benefits people today (middle age and older workers at the federal level) Immediate benefits today for healthcare but you are putting the burden on the future generation. State and local governments cannot put the burden on younger generations because they cannot have a defect. Political behavior and institution drive public policy outcomes. Marketing factors, the local government can act like a business. A theory of local government finance tiebout theory. Observed that local governments came in lots of verities. Governments were different because there is different populations.
