Fiscal gap Fiscal gap The fiscal gap is a measure of a government's total indebtedness proposed by economists Laurence Kotlikoff and Alan Auerbach, who define it as the difference between the present value of all of government's projected financial obligations, including future expenditures, including servicing outstanding official federal debt, and the present value of all projected future tax and other receipts, including income accruing from the government's current ownership of financial assets. According to Kotlikoff and Auerbach, the "fiscal gap" accounting method can be used to calculate the percentage of necessary tax increases or spending reductions needed to close the fiscal gap
Man (word) Romanian, where ' refers to a 'human', vs. " (male). The inflected forms of Old English " are: The inflected forms of Old High German word for "man" (without i-mutation) are: The inflected forms of the Old Norse word for man, "maðr", are: The word "man" is still used in its generic meaning in literary English. The verb "to man" (i.e. "to furnish [a fortress or a ship] with a company of men") dates to early Middle English. The word has been applied generally as a suffix in modern combinations like "fireman", "policeman" and "mailman". With social changes in the