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I.O.U.S.A
The United States has been spending its way deeper and deeper into the red, and saddling future generations with the mess–but who's paying attention? To answer that question, this companion book to the critically acclaimed documentary I.O.U.S.A. talks with some of the most revered voices in the nation, including Warren Buffett; former Treasury Secretaries Paul O'Neill and Robert Rubin; and Pete Peterson, CEO of The Blackstone Group. Defiantly non-partisan, the empowering solutions outlined in these pages are a must-read for any American concerned about the current state of affairs.
Counterrevolution
A thorough investigation of the current combination of austerity and extravagance that characterizes government spending and central bank monetary policy At the close of the 1970s, government treasuries and central banks took a vow of perpetual self-restraint. To this day, fiscal authorities fret over soaring public debt burdens, while central bankers wring their hands at the slightest sign of rising wages. As the brief reprieve of coronavirus spending made clear, no departure from government austerity will be tolerated without a corresponding act of penance. Yet we misunderstand the scope of neoliberal public finance if we assume austerity to be its sole setting. Beyond the zero-sum game of...
Lament for America
Lament for America explores the major challenges to the status of the United States as a world superpower. In delving into the fundamental question of whether or not a relative decline is inevitable, the author recognizes that the changes faced over the next few decades will be more rapid and transformational than at any other period in American history. Lament for America offers concrete recommendations for renewal in areas such as defense policy, health care, education, and the environment, and serves as a useful guide to understanding how decisions will shape both the U.S. and global landscapes.
The Changing Global Economy
When nations fully embrace a free-market system, they not only experience an economic boom, but many positive social changes as well. Among those changes is the desire of people to reign over their own affairs and to seek individual freedoms. However, the consequences of unsound economic policies are harsh in today's world. Nations can no longer remain isolated from a damaging economic cycle in any part of the world, meaning everyone pays a price in some way during an economic downturn. Yet, for a country to separate itself from global markets and insist on self-sufficiency is a recipe for even worse disaster. The Changing Global Economy is a timely new book that delves into the challenges facing countries as they grapple with a world economy as it goes through ups and downs.
Keeping the Republic
Artfully weaving in the analytic theme of 'power' and the evaluative theme of 'citizenship, ' the authors deftly draw students into thinking critically about how and why institutions and rules determine who wins and who loses in American politics
Moneywise
The world of personal finance is changing every day. Do middle-class families have any hope of weathering the storm to protect their savings from the shrinking power of the dollar? They do now. In "Moneywise: Your Guide to Keeping Ahead of Inflation, Taxes, and the Declining Dollar," author Charles W. Kraut reveals principles of saving, investing, and avoiding financial doom that fly in the face of conventional Wall Street wisdom. Learn how to stop relying on the advice of people who are paid to represent others' interests, and get some of those same people to work for yours. Money, or its absence, governs every aspect of our lives, and wise stewards can accomplish more in life. Moneywise will help American families learn specific skills they can put into practice every day, give them a better perspective on the world of finance, and have new confidence their ability to improve their situation.
How Consumer Credit and Debt Work
In the popular mind, the Great Recession was caused by misguided investment banking practices, a burst real estate bubble, and plummeting housing values. All of this is accurate, yet it fails to highlight another underlying, insidious cause of the economic collapse—consumer credit and debt. In the years running up to the recession, consumers were encouraged by the government to spend their money for the good of the economy. The value of saving was de-emphasized, as credit card companies and banks made access to credit easier and easier. As a result, people who were not truly able to afford big purchases were nevertheless taking out loans and wracking up huge credit card bills to buy cars, b...
The Fast Plan for Tax Reform
Although nearly everyone involved with our federal taxation system agrees that simplification of this system is a positive and even necessary step, achieving it has proven to be difficult. Exploring the issue from start to finish, this detailed blueprint to tax reform offers real solutions to the real problems of our taxation system. Author Donald E. Phillipson, a lawyer who has studied the tax code for years, reveals facts about deficit spending and the national debt and examines alternative taxation approaches. He explores problems with current tax subsidies and individual income, corporation income, and estate taxes and presents new solutions to those problems. Phillipson also offers new perspectives on the total federal tax obligations of individuals and relationships among taxes on individual income, corporation income, and estates and gifts. Our taxation system desperately needs reform that takes into account the function of the system as a whole. This study demonstrates that such reform is possible and that taxes can be fair, accountable, and simplewithout the creation of new tax collection structures.
The Coming Collapse of America: How to Balance the Federal Budget
This book is designed to solve the coming fiscal crisis in the US. Increasing debt will lead to hyperinflation within ten years. According to the CBO, if the US continues business as usual, the US will have a debt of $50 trillion in a decade. Investors will flee the US bond market and the Federal Reserve will end up paying off this debt with inflated currency (a technical but not actual default). Flooding our economy with fiat currency will result in hyperinflation and unemployment with the likelihood of a worldwide depression. The solution is not to increase the US debt. The only way this is possible is to balance the federal discretionary and mandatory budgets. Interest on the debt should ...
