White House Burning: The Founding Fathers, Our National Debt, and Why It Matters to You
A Literature, Politics, American book. Simply the best book I have read on the large financial issues facing the country. But...
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...
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- Filetype: PDF
- Pages: 368 pages
- ISBN: 9780307906960 / 0
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More About White House Burning: The Founding Fathers, Our National Debt, and Why It Matters to You
You will never get an explanation of the national debt this thorough and understandable in a decade of watching Meet the Press or presidential debates. The only frustrating part (besides repeated asides that those with wealth, health insurance and retirement savings have them because of good fortune, as if that were the entire explanation... This book attempts to shed light on what is at stake in the Federal government deficit spending and debt accumulation debates of late. In short, there is no reason whatsoever to change Social Security, Medicare, and Medicaid; and the issue of mounting debt is, form a macro-economic perspective, fairly easy and straightforward to deal... Simply the best book I have read on the large financial issues facing the country. But in doing so we also face issues about what kind of society we want to live in and what we want government to do. It is more broad than anything I have read on the financial issues before. It is not an easy read, but the issues are put forth in great...
