pp. 431-452
Unfolding Promises: Trust Funds and the Politics of Precommitment
Eric M. Patashnik explores the limits and possibilities of precommitment in democratic politics by examining federal trust funds, a device for earmarking future tax revenues for government activities such as Social Security, Medicare, and highway building. He argues that precommitment is an historical process that shapes the environment in which policy making takes place.
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