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
Word-sense disambiguation as parts, but not types of fish", is then used to determine in which sense the word "bass" is used. These approaches are not very successful in practice, mainly because such a body of knowledge does not exist in a computer-readable format, outside very limited domains. However, if such knowledge did exist, then deep approaches would be much more accurate than the shallow approaches. Also, there is a long tradition in computational linguistics, of trying such approaches in terms of coded knowledge and in some cases, it is hard to say clearly whether the knowledge involved is linguistic or world