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An Overview of the Clinton Budget Plan

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Virtually all government policies alter the allocation of economic resources. The timing of the policies, the nature of government spending, and the form of revenue collection affect decision-making over time, change the distribution of costs and benefits across households and firms, and reshuffle the burdens borne by different generations. Whether intended or not, allocative consequences are the reality of economic policy.

Virtually all government policies alter the allocation of economic resources. The timing of the policies, the nature of government spending, and the form of revenue collection affect decision-making over time, change the distribution of costs and benefits across households and firms, and reshuffle the burdens borne by different generations. Whether intended or not, allocative consequences are the reality of economic policy.


Suggested citation: Altig, David, and Jagadeesh Gokhale, 1993. "An Overview of the Clinton Budget Plan," Federal Reserve Bank of Cleveland, Economic Commentary, 03.01.1993.

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