White House Burning Our National Debt and Why It Matters to You

ISBN-10: 0307947645

ISBN-13: 9780307947642

Edition: N/A

Authors: Simon Johnson

List price: $18.95 Buy it from $3.00
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Description:

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. InWhite House Burning,Simon Johnson and James Kwak—authors of the national best seller13 Bankersand cofounders ofThe 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 Burninglooks 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 as13 Bankers, White House Burningis an invaluable guide to the central political and economic issue of our time. It is certain to provoke vigorous debate.
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Book details

List price: $18.95
Publisher: Knopf Doubleday Publishing Group
Publication date: 2/12/2013
Binding: Paperback
Pages: 384
Size: 5.50" wide x 8.50" long x 0.75" tall
Weight: 0.638
Language: English

Introduction
Immortal Credit
End of Gold
Deficits Don't Matter
What Does the Federal Government Do?
Why Worry
Arguing First Principles
Where Do We Go from Here?
Conclusion
Epilogue
Technical Appendix
Notes
Acknowledgments
Index
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