Public Debt, Inequality, and Power

Public Debt, Inequality, and Power PDF Author: Sandy Brian Hager
Publisher: Univ of California Press
ISBN: 0520284666
Category : History
Languages : en
Pages : 173

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Book Description
Introduction : public debt, inequality and power -- The spectacle of a highly centralized public debt -- The bondholding class resurgent -- Fiscal conflict : past and present -- Bonding domestic and foreign owners -- Who rules the debt state? -- Conclusion : informing democratic debate -- Appendix : accounting for the public debt

Public Debt, Inequality, and Power

Public Debt, Inequality, and Power PDF Author: Sandy Brian Hager
Publisher: Univ of California Press
ISBN: 0520284666
Category : History
Languages : en
Pages : 173

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Book Description
Introduction : public debt, inequality and power -- The spectacle of a highly centralized public debt -- The bondholding class resurgent -- Fiscal conflict : past and present -- Bonding domestic and foreign owners -- Who rules the debt state? -- Conclusion : informing democratic debate -- Appendix : accounting for the public debt

The Public Debt and the Public Credit of the United States

The Public Debt and the Public Credit of the United States PDF Author: I. A. H.
Publisher:
ISBN:
Category : Debts, Public
Languages : en
Pages : 32

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Book Description


What We Owe

What We Owe PDF Author: Carlo Cottarelli
Publisher: Brookings Institution Press
ISBN: 0815730691
Category : Political Science
Languages : en
Pages : 204

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Book Description
The euro crisis, Japan's sluggish economy, and partisan disagreements in the United States about the role of government all have at least one thing in common: worries about high levels of public debt. Nearly everyone agrees that public debt in many advanced economies is too high to be sustainable and must be addressed. There is little agreement, however, about when and how that addressing should be done—or even, in many cases, just how serious the debt problem is. As the former director of the International Monetary Fund's Fiscal Affairs Department, Carlo Cottarelli has helped countries across the globe confront their public finance woes. He also had direct experience in advising his own country, Italy, about its chronic fiscal ailments. In this straightforward, plain-language book, Cottarelli explains how and why excessive public debt can harm economic growth and can lead to crises such as those experienced recently in Italy and several other European countries. But Cottarelli also has some good news: reducing public debt often can be done without trauma and through moderate changes in spending habits that contribute to economic growth. His book focuses on positive remedies that countries can adopt to deal with their public debt, analyzing both the benefits and potential downsides to each approach, as well as suggesting which remedies might be preferable in particular situations. Too often, public debate about public debt is burdened by lies and myths. This book not only explains the basic facts about public debt but also aims to bring truth and reasoned nonpartisan analysis to the debate.

The Political Economy of Public Debt

The Political Economy of Public Debt PDF Author: Richard M. Salsman
Publisher: Edward Elgar Publishing
ISBN: 1785363387
Category :
Languages : en
Pages : 336

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Book Description
How have the most influential political economists of the past three centuries theorized about sovereign borrowing and shaped its now widespread use? That important question receives a comprehensive answer in this original work, featuring careful textual analysis and illuminating exhibits of public debt empirics since 1700. Beyond its value as a definitive, authoritative history of thought on public debt, this book rehabilitates and reintroduces a realist perspective into a contemporary debate now heavily dominated by pessimists and optimists alike.

The Public Debt of the United States

The Public Debt of the United States PDF Author: Robert Morris
Publisher:
ISBN:
Category : Debts, Public
Languages : en
Pages : 302

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Book Description


White House Burning

White House Burning PDF Author: Simon Johnson
Publisher: Vintage
ISBN: 0307947645
Category : Business & Economics
Languages : en
Pages : 386

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Book Description
From the authors of the national bestseller 13 Bankers, a chilling account of America’s unprecedented debt crisis: how it came to pass, why it threatens to topple the nation as a superpower, and what needs to be done about it. With bracing clarity, White House Burning explains why the national debt matters to your everyday life. Simon Johnson and James Kwak describe how the government has been able to pay off its debt in the past, even after the massive deficits incurred as a result of World War II, and analyze why this is near-impossible today. They closely examine, among other factors, macroeconomic shifts of the 1970s, Reaganism and the rise of conservatism, and demographic changes that led to the growth of major—and extremely popular—social insurance programs. What is unquestionably clear is how recent financial turmoil exacerbated the debt crisis while creating a political climate in which it is even more difficult to solve.

Understanding the National Debt

Understanding the National Debt PDF Author: Carl Lane
Publisher:
ISBN: 9781594162664
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.

Reducing the Public Debt

Reducing the Public Debt PDF Author: United States. Congress. House. Committee on Government Operations
Publisher:
ISBN:
Category : Debts, Public
Languages : en
Pages : 68

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Book Description
Considers H.R. 1337 and related bills, to amend Budget and Accounting Act to make mandatory, except in time of war, two yearly reductions in national debt.

Freedom from National Debt

Freedom from National Debt PDF Author: Frank N. Newman
Publisher: Hillcrest Publishing Group
ISBN: 1626520380
Category : Business & Economics
Languages : en
Pages : 105

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Book Description
America is unjustly worried about "national debt," believing it can no longer do the many things that mark it as a great nation. Discussions of national undertakings including infrastructure repair, jobs programs, military modernization, and disease prevention - have all been stifled through fear of insolvency. America has convinced itself that it can no longer afford, as a nation, to do many of the productive things that it has done so well over its history. That's a great shame, because America remains a nation of tremendous resources in every sense, and the underlying assumptions about U.S. government financial instruments are not correct. America can never face the debt problems of nations like Greece, thanks to its fundamentally different financial system. This short book explains why such fears should not hold back America, and why even the expression "national debt" is neither meaningful nor appropriate for the United States.

Practical Information Concerning the Public Debt of the United States

Practical Information Concerning the Public Debt of the United States PDF Author: William Adams Richardson
Publisher:
ISBN:
Category : Banking law
Languages : en
Pages : 210

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Book Description