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Record W3209408060 · doi:10.31857/s268667300016895-4

US Federal Finance: Growing Structural Inefficiency

2021· article· en· W3209408060 on OpenAlexaff
Vladimir Vasiliev

Bibliographic record

VenueUSA & Canada Economics – Politics – Culture · 2021
Typearticle
Languageen
FieldEconomics, Econometrics and Finance
TopicEconomic Issues in Ukraine
Canadian institutionsInstitute for Christian Studies
Fundersnot available
KeywordsFederal budgetDeficit spendingDebtGreat DepressionEconomicsGovernment debtGovernment (linguistics)InefficiencyState (computer science)ParallelsFinanceEconomic policyPolitical scienceFiscal yearMarket economy

Abstract

fetched live from OpenAlex

The current state of the US Federal finance system is analyzed, characterized by record absolute and relative parameters of budget deficits and gross Federal government debt. It is emphasized that the record indicators of debt and deficit objectively testify to the growing vulnerability of the US Federal finance system to external waves and shocks. Such a shock to the American economy was the coronavirus pandemic, the impact of which the United States began to feel acutely in the spring of 2020. The article draws parallels between the current crisis of the Federal finance system and the crisis of the mid-1940s. However, if in the mid-1940s, the colossal size of budget deficits and debt dependence of the United States was a consequence of the previous 15 years of the Great Depression of the 1930s and World War II in the first half of the 1940s, now the record indicators of deficits and debt of the Federal government formed in the last year or two. As a result, the usual process of ranking and establishing a system of budget priorities has been disrupted in the United States covering first of all distribution of budgetary funds between military and civilian expenditures. At the same time, a process of blurring between the parameters of "budget authority" and "budget outlays" began to occur which does not give a clear idea of the exact amount of budgetary funds allocated to the main activities spheres of the Federal government. Nevertheless, we can say that the growing financial constraints have already resulted in the stabilization of US military spending at the level of about $ 700.0 billion annually and the reduction in funding for many key programs for the procurement of the new weapons systems. There is also a growing awareness in the United States of the fact that in modern conditions many civilian programs, especially in the health sector, play no less important role in ensuring the national security of the United States in the broadest sense of the word than the actual military programs. In general, the Democratic administration of J. Biden has not yet succeeded in formulating a clear and coherent fiscal policy, which is carried out in many ways in the "manual control" mode.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

How this classification was reachedexpand

Full frame machine prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. The Gemma side is a direct model label for every work in the frame, read from the title-only record. The Codex side is a classifier learned from the 10,348 direct Codex labels and calibrated to design-weighted sample rates; fields without enough sample support carry no Codex call. Candidate is the union of the two sides; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels.

metaresearch head score (Codex)0.002
metaresearch head score (Gemma)0.009
Version: metacan-v3-hybrid-931329e0061cValidation status: machine_predicted_unvalidated
Candidate categoriesnone
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Not applicable · Consensus signal: none
GenreCandidate signal: Empirical · Consensus signal: none
Teacher disagreement score0.039
Threshold uncertainty score0.080

Distilled classifier scores by category (both heads)

CategoryCodexGemma
Metaresearch0.0020.009
Meta-epidemiology (narrow)0.0000.000
Meta-epidemiology (broad)0.0000.000
Bibliometrics0.0050.011
Science and technology studies0.0020.002
Scholarly communication0.0050.004
Open science0.0000.001
Research integrity0.0010.001
Insufficient payload (model declined to judge)0.0120.001

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.012
GPT teacher head0.201
Teacher spread0.189 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it

Classification

machine, unvalidated

Machine predicted; a candidate call from one source (direct Gemma or distilled Codex), not a consensus.

The models applied no category: nothing in the taxonomy fit this work.
Study designNot applicable
Domainnot available
GenreEmpirical

How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".

Quick stats

Citations0
Published2021
Admission routes1
Has abstractyes

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