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Author: Alan Axelrod
Publisher: WW Norton
ISBN: 0789260689
Category : Political Science
Languages : en
Pages : 337
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Book Description
What is the national debt? Who loses from it? Who profits from it? Why is it a greater threat to America than international terrorism? In direct, non-partisan language, this book follows the money and finds the answers. Conservative, Liberal, Republican, Democrat, Libertarian, Socialist . . . Each has a laundry list for America on which the slow-motion cataclysm of unsustainable national debt is but a lonely bullet point among dozens of others. Full Faith and Credit zooms in on that point, liberates it from partisan programs and political orientations, expands it, explores it, and explains it. The book examines key dimensions of our national life—from a military-industrial complex more menacing than even Eisenhower could have imagined to a Tower of Babel tax code that covertly translates taxes into secret subsidies. With the aim of converting bystanders into informed advocates of change, Full Faith and Credit is rich with eye-opening data, surprising case studies, and you-can’t-make-this-stuff-up examples: • For every official the United States public has elected, its government supports 5000 unelected employees. • $1 billion is the cost to destroy $16 billion in ammunition unneeded by the U.S. military. • $20,973,890,000 is the total taxpayer cost to the Treasury of gambling losses deducted by millionaires. With easy-to-follow graphs and charts, as well as 20 uproarious full-color editorial cartoons drawn from the prior work of Pulitzer Prize–winning artist Michael Ramirez, Full Faith and Credit locates the tipping point of the $19.4 trillion (and counting) national debt crisis and offers ideas on how to fix it.
Author: Alan Axelrod
Publisher: WW Norton
ISBN: 0789260689
Category : Political Science
Languages : en
Pages : 337
Get Book
Book Description
What is the national debt? Who loses from it? Who profits from it? Why is it a greater threat to America than international terrorism? In direct, non-partisan language, this book follows the money and finds the answers. Conservative, Liberal, Republican, Democrat, Libertarian, Socialist . . . Each has a laundry list for America on which the slow-motion cataclysm of unsustainable national debt is but a lonely bullet point among dozens of others. Full Faith and Credit zooms in on that point, liberates it from partisan programs and political orientations, expands it, explores it, and explains it. The book examines key dimensions of our national life—from a military-industrial complex more menacing than even Eisenhower could have imagined to a Tower of Babel tax code that covertly translates taxes into secret subsidies. With the aim of converting bystanders into informed advocates of change, Full Faith and Credit is rich with eye-opening data, surprising case studies, and you-can’t-make-this-stuff-up examples: • For every official the United States public has elected, its government supports 5000 unelected employees. • $1 billion is the cost to destroy $16 billion in ammunition unneeded by the U.S. military. • $20,973,890,000 is the total taxpayer cost to the Treasury of gambling losses deducted by millionaires. With easy-to-follow graphs and charts, as well as 20 uproarious full-color editorial cartoons drawn from the prior work of Pulitzer Prize–winning artist Michael Ramirez, Full Faith and Credit locates the tipping point of the $19.4 trillion (and counting) national debt crisis and offers ideas on how to fix it.
Author: Mr.Daniel Leigh
Publisher: International Monetary Fund
ISBN: 1455294691
Category : Business & Economics
Languages : en
Pages : 41
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Book Description
This paper investigates the short-term effects of fiscal consolidation on economic activity in OECD economies. We examine the historical record, including Budget Speeches and IMFdocuments, to identify changes in fiscal policy motivated by a desire to reduce the budget deficit and not by responding to prospective economic conditions. Using this new dataset, our estimates suggest fiscal consolidation has contractionary effects on private domestic demand and GDP. By contrast, estimates based on conventional measures of the fiscal policy stance used in the literature support the expansionary fiscal contractions hypothesis but appear to be biased toward overstating expansionary effects.
Author: Carl Lane
Publisher:
ISBN: 9781594162657
Category : BUSINESS & ECONOMICS
Languages : en
Pages : 0
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Book Description
The staggering United States debt has a direct impact on every American, yet few are aware of where the debt came from and how it affects their lives The United States has a debt problem--we owe more than $18 trillion while our gross domestic product, the value of all goods and services produced in America, is only $17.5 trillion. To pay down the debt, some recommend austerity, cutting federal expenditures. Others suggest increasing taxes, especially on the wealthiest Americans. In Understanding the National Debt: What Every American Needs to Know, economic historian Carl Lane urges that the national debt must be addressed in ways beyond program cuts or tax increase alternatives, but change can only occur when more Americans understand what constitutes our debt and the problems it causes. The gross national debt is composed of two elements: the public debt and "intragovernment holdings." The public debt consists of bonds, bills, and notes purchased by individuals, banks, insurance companies, hedge and retirement funds, foreign governments, and university endowments. Intragovernment holdings refers to money that the U.S. Treasury borrows from other parts of the government, principally Social Security and Medicare. This accounts for approximately a quarter of the gross national debt, but that is money that we owe to ourselves, not another entity. The more the government borrows, the less is available for private sector investment, creating a "squeeze" effect that inhibits economic growth. The most burdensome problem is the interest due each year on the debt. Every dollar spent on interest is a dollar less for other purposes. Those elements of the federal budget which are termed "discretionary" suffer. The mandatory elements of the budget--Social Security, Medicare, Medicaid, and the interest on the debt--must be provided for, but defense and national security, education, energy, infrastructure repair and development, and other needs wind up with less. By understanding the national debt we have an opportunity to address our real debt challenge--its principal and interest.
Author: Bill White
Publisher:
ISBN:
Category : Industrial management
Languages : en
Pages : 0
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Book Description
America's Fiscal Constitution: Its Triumph and Collapse (PublicAffairs, April 1, 2014) tells the remarkable story of federal leaders who imposed clear limits on the use of federal debt. For almost two centuries those limits allowed the federal government to borrow for only four purposes. That traditional fiscal constitution collapsed in 2001, when federal elected officials broke the traditional link between federal tax and spending policies. For the first time in history, the federal government cut taxes during war, funded permanent new programs entirely with debt, and became dependent on foreign creditors. With insights gained from original scholarship and an unusual breadth of experience in finance and government, Bill White distills practical lessons from the nation's five previous spikes in debt. America's Fiscal Constitution is an entertaining and objective guide for people trying to make sense of the current and most dangerous debt crisis.
Author: Edwin G. Oswald
Publisher: McFarland
ISBN: 1476690324
Category : History
Languages : en
Pages : 277
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Book Description
On November 4, 1980, American voters gave Ronald Reagan a 41-state Electoral College landslide. The man this mandate carried into the White House was largely compounded of mythology. Like most compelling mythologies, Reagan's was a synthesis of celebrity as well as emotional, intellectual, and cultural streams. Throughout his eight years in the oval office, the "Great Communicator" was largely successful in shaping the soul of America to reflect his durable mantra that "government is the problem." That same American soul later embraced Donald Trump--a president who, the authors argue, would have appalled Reagan. Reagan's myth persists, and by understanding his time in office in the context of American history and of the American presidency, we can understand how a transformative president created more than policy by also shaping culture with the instrumental force of mythology. This book attempts to neither praise nor bury Reagan but to explain him in non-partisan terms of contemporary popular mythology. The authors examine his legacy in his war on "big government," which still drives politics, economic policy, and culture, even in Trump's era. They make the case that understanding the mythology at work is a necessary step toward healing American politics and saving American democracy.
Author: Adam Baratta
Publisher: John Wiley & Sons
ISBN: 111969146X
Category : Business & Economics
Languages : en
Pages : 275
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Book Description
#1 Business Bestseller (Wall Street Journal, Amazon, USA Today) The Great Devaluation may be one of the most timely books ever written on the state of the global economy. Baratta sums it up simply enough with the following idea: “What seems crazy in normal times becomes necessary in a crisis.” The Great Devaluation is the #1 bestselling book that explains why the real crisis facing the world today is not the Coronavirus. The real crisis facing the world is explosive government debt and deficits. Governments are now left with no choice but to spend more than they make, borrow more than they can ever repay, and devalue their currencies to cover it all up. Former Hollywood storyteller Adam Baratta brings monetary policy to life in this follow-up to his national bestseller, Gold Is A Better Way. You’ll learn how and why Federal Reserve polices have facilitated an explosion in government debt and have systematically undermined the world financial system in the name of profit. The result? An out of control system where financial inequality has become a ticking time bomb set to blow up the global economy.
Author: Gerald J. Swanson
Publisher: Crown Currency
ISBN: 038551400X
Category : Political Science
Languages : en
Pages : 232
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Book Description
The dirty little secret that neither George W. Bush nor Congress are willing to confront—that America’s reckless spending, disastrous deficits, and exploding debt are speeding our great nation to financial ruin. Imagine a world in which you lose your job because your company goes under, your retirement money disappears, the value of your home tumbles overnight, your bank stops allowing cash withdrawals, and your ATM card is canceled. The price of groceries has risen so fast that you don’t have the money to pay for them at the check-out counter . . . and the country is bankrupt. That is exactly the future that economist Gerald J. Swanson sees America hurtling toward—unless we rein in our country’s reckless spending. In America the Broke, Swanson, coauthor of the runaway New York Times bestseller Bankruptcy 1995, argues that the United States is on the brink of financial collapse. Thanks to George W. Bush’s two tax cuts, the White House and Congress’ escalation of domestic spending, two wars, and an economic recession, what was a $200 billion annual surplus three years ago under Bill Clinton has become a river of red ink. The White House’s official projected deficit for 2004 is $521 billion—the largest deficit in U.S. history. With a national debt spiraling upward of $7.3 trillion, a huge trade deficit, and personal debt at an all-time high, we are standing at the edge of a financial abyss that could undermine the financial security of our families and our children’s children. “Deficits don’t matter,” claim Vice President Dick Cheney and other members of the Bush Administration. But the facts revealed in America the Broke paint an alarming picture. Next year’s projected deficit will exceed the amount all our cities spend on police, fire protection, medical care, and every other civil service in an entire year. It is more than we could save from abolishing Medicare and Medicaid completely. The real deficit—the deficit the government doesn’t want you to know about—including the hidden funds we “borrow” from Social Security is nearly $1 trillion. Rising interest rates alone could trigger staggering payments on our skyrocketing debt, soaking up every dollar the government takes in, leaving America bankrupt. What does this mean for you and me? If the dollar goes into free fall, banks could close, businesses go bankrupt, real estate values crumble, and middle-class families could lose everything they own. But there is hope. We can save ourselves—if we demand that our political leaders act now to eliminate the deficit and reduce the debt. In a year of deficit denial, America the Broke is a critical wake-up call regarding our government’s reckless deficit spending—as well as a blueprint for rescuing our economy and saving our country
Author: Alan Axelrod
Publisher: Union Square + ORM
ISBN: 1454925760
Category : History
Languages : en
Pages : 682
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Book Description
A fully illustrated, insightful portrait of this historic time of dramatic economic growth marked by glamorous haves and struggling have-nots. The Gilded Age—the name coined by Mark Twain to refer to the period of rapid economic growth in America between the 1870s and 1900—offers some intriguing parallels to our own time. Bestselling author and historian Alan Axelrod tackles this subject in a fresh way, exploring this intense era in its various dimensions, and looking at also looks at how it presaged our current era, which many are calling the “Second Gilded Age.” Photographs, political cartoons, engravings, news clippings, and other ephemera help bring this fascinating period into focus.
Author: Richard Belzer
Publisher: Skyhorse
ISBN: 1510711279
Category : Political Science
Languages : en
Pages : 205
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Book Description
From New York Times bestselling authors Richard Belzer and David Wayne comes a hard look at the wrongs done to us all by big business in America. Here is an explosive account of wrongful acts perpetrated, and the ensuing cover-ups inflicted upon us, by American corporations. The bestselling author team of Richard Belzer and David Wayne exposes the ways that the capitalist regime has got us under their thumbs—from the mainstream media and its control over us, to the trillions stolen by big banks and mortgage companies during the mortgage crisis, to the scams perpetrated by Big Oil and Big Pharma. The one common victim of all that corruption is the American public, and Corporate Conspiracies wants to do something about it. Corporate Conspiracies takes dead aim at those who take advantage of us little guys. Probably most disturbing is the book's examination of politics and capitalism teaming up against us—how politicians and lobbyists all have their hands in each other's pockets while stabbing us in the back, and how the well-established energy lobby—which is petroleum, natural gas, and coal—has played a dominant role in the shaping of US foreign policy for decades. Did you know that companies at times know that their products will kill people, but they do nothing, because it is actually cheaper to compensate the victims than it is to correct the problem? And did you know that the Pentagon is sending $1.5 trillion of our tax dollars to their corporate buddies for a new fighter jet that is already superfluous? This book is guaranteed to make us all think twice about being enslaved and cheated by corporate America. Skyhorse Publishing, as well as our Arcade imprint, are proud to publish a broad range of books for readers interested in history--books about World War II, the Third Reich, Hitler and his henchmen, the JFK assassination, conspiracies, the American Civil War, the American Revolution, gladiators, Vikings, ancient Rome, medieval times, the old West, and much more. While not every title we publish becomes a New York Times bestseller or a national bestseller, we are committed to books on subjects that are sometimes overlooked and to authors whose work might not otherwise find a home.
Author: Donald S. Bernstein
Publisher:
ISBN: 9780983646990
Category : Debts, Public
Languages : en
Pages : 316
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Book Description
