America S National Debt
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White House Burning
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Author : Simon Johnson
language : en
Publisher: Vintage
Release Date : 2012-04-03
White House Burning written by Simon Johnson and has been published by Vintage this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-04-03 with Business & Economics categories.
America is mired in debt—more than $30,000 for every man, woman, and child. Bitter fighting over deficits, taxes, and spending bedevils Washington, D.C., even as partisan gridlock has brought the government to the brink of default. Yet the more politicians on both sides of the aisle rant and the citizenry fumes, the more things seem to remain the same. In White House Burning, Simon Johnson and James Kwak—authors of the national best seller 13 Bankers and cofounders of The Baseline Scenario, a widely cited blog on economics and public policy—demystify the national debt, explaining whence it came and, even more important, what it means to you and to future generations. They tell the story of the Founding Fathers’ divisive struggles over taxes and spending. They chart the rise of the almighty dollar, which makes it easy for the United States to borrow money. They account for the debasement of our political system in the 1980s and 1990s, which produced today’s dysfunctional and impotent Congress. And they show how, if we persist on our current course, the national debt will harm ordinary Americans by reducing the number of jobs, lowering living standards, increasing inequality, and forcing a sudden and drastic reduction in the government services we now take for granted. But Johnson and Kwak also provide a clear and compelling vision for how our debt crisis can be solved while strengthening our economy and preserving the essential functions of government. They debunk the myth that such crucial programs as Social Security and Medicare must be slashed to the bone. White House Burning looks squarely at the burgeoning national debt and proposes to defuse its threat to our well-being without forcing struggling middle-class families and the elderly into poverty. Carefully researched and informed by the same compelling storytelling and lucid analysis as 13 Bankers, White House Burning is an invaluable guide to the central political and economic issue of our time. It is certain to provoke vigorous debate.
America S National Debt
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Author : Thomas Arndt
language : en
Publisher: Bloomsbury Publishing USA
Release Date : 2022-10-18
America S National Debt written by Thomas Arndt and has been published by Bloomsbury Publishing USA this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-10-18 with Political Science categories.
This vital resource is devoted to providing nonpartisan, objective analysis of the national debt, including leading drivers of the debt, the budgetary process, and claims and counter-claims about national debt benefits and drawbacks. This indispensable resource provides readers with a clear and unbiased understanding of the national debt and its relationship to the U.S. economic system. The book addresses the foundations and major elements of America's budgetary process, details how government taxing and spending priorities impact the nation's debt, explains the difference between deficits and debt, and summarizes dominant conservative and liberal economic perspectives on the national debt and related fiscal issues. Utilizing authoritative resources and accessible, lay-friendly terminology, this book punctures popular myths and misconceptions about the national debt. But it also shines a light on the numerous economic, social, and political drivers of our national conversation about the debt—and the ways in which the national debt is likely to influence the lives of future generations of Americans. At a time when American political discourse often descends into fact-free zones of wishful thinking and deceptive claims, this book provides information for readers to truly understand the national debt.
Understanding The National Debt
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Author : Carl Lane
language : en
Publisher:
Release Date : 2016
Understanding The National Debt written by Carl Lane and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with BUSINESS & ECONOMICS categories.
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.
The National Debt
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Author : George C. Christy
language : en
Publisher: Booklocker.com
Release Date : 2011-10
The National Debt written by George C. Christy and has been published by Booklocker.com this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-10 with Political Science categories.
At last, American voters can see through the Washington doubletalk about the federal deficits and the national debt. This book uses plain language and a question-and-answer format to explain the unpleasant reality behind America's fiscal problems: the federal government's fiscal condition is much worse than you think it is. Those who read the book can help influence America's choice in the 2012 election: more deficits and higher national debt, or sound and sustainable fiscal policies?
The U S National Debt
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Author : Charlotte G. Wilson
language : en
Publisher:
Release Date : 2011
The U S National Debt written by Charlotte G. Wilson and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with Budget deficits categories.
This book explains the different measures of the U.S. government debt, discusses the historical growth in the debt, identifies the current owners of the debt, presents comparisons with government debt in other countries, and examines the potential economic risks associated with a growing federal debt.
The Debt And The Deficit
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Author : Robert L. Heilbroner
language : en
Publisher: W. W. Norton
Release Date : 1989
The Debt And The Deficit written by Robert L. Heilbroner and has been published by W. W. Norton this book supported file pdf, txt, epub, kindle and other format this book has been release on 1989 with Budget deficits categories.
As the British trade deficit continues to grow, this trenchant, original and timely book on the US deficit and national debt offers much to readers on this side of the Atlantic.
Beyond Our Means
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Author : Alfred L. Malabre
language : en
Publisher: Random House (NY)
Release Date : 1987
Beyond Our Means written by Alfred L. Malabre and has been published by Random House (NY) this book supported file pdf, txt, epub, kindle and other format this book has been release on 1987 with Business & Economics categories.
Examines American values and expectations which have led to a huge national debt and the economic consequences which may now be at hand.
The National Debt
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Author : Martin Slater
language : en
Publisher: Oxford University Press
Release Date : 2018-09-01
The National Debt written by Martin Slater and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-09-01 with Business & Economics categories.
While it is central to today's politics, few people fully understand the National Debt and its role in shaping the course of British history. Without it, Britain would not have gained-and lost-two empires, nor won its wars against France and Germany. But Britain has also been molded by attempts to break free of the Debt, from postwar Keynesian economics to today's austerity. Martin Slater writes a vivid tale colored with some of the most dramatic incidents and personalities of Britain's past-from clashes between King and Parliament, American independence and war in Europe, to the abolition of slavery, the development of the Union and the role of leading figures such as Pitt, Gladstone, Adam Smith and Keynes. From medieval times to the 2008 financial crash and beyond, The National Debt explores the changing fortunes of the Debt, and so of Great Britain.
What We Owe
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Author : Carlo Cottarelli
language : en
Publisher: Brookings Institution Press
Release Date : 2017-09-05
What We Owe written by Carlo Cottarelli and has been published by Brookings Institution Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-09-05 with Political Science categories.
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.
Us Debt The American Economy In Crisis
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Author :
language : en
Publisher:
Release Date : 2011
Us Debt The American Economy In Crisis written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with Debts, Public categories.
When Ronald Reagan took office in 1980, the US national debt stood at around $2tn. By 2011, it stood at a staggering $15tn and has become one of the most significant problems in American politics. It has revealed the deep ideological splits that run right across the US political landscape and now threaten the health of the entire US economy. Reported over the decades by the Guardian's finest journalists, this is the modern story of America's national debt.