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
Sense-for-sense translation that result in acculturation, where “a cultural other is domesticated, made intelligible”. Schleiermacher's distinction between "bringing the author to the reader" (domestication) and "taking the reader to the author" (foreignization), dealt with a social concern and Venuti’s distinction between domestication and foreignization deals with ethical principles. Sense-for-sense translation Sense-for-sense translation is the oldest norm for translating. It fundamentally means translating the meaning of each whole sentence before moving on to the next, and stands in normative opposition to word-for-word translation (also known as literal translation), which means translating the meaning of each lexical item in sequence. The coiner of the