The bankrupting of America: how the federal budget is impoverishing the nation

The Bankrupting of America is a broad book with an urgent message based upon research and reflection by one of the country's distinguished political economists. As David Calleo shows, the federal budget deficit is both a symptom and a cause of America's ungovernability and decline. Slowly,...

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Bibliographische Detailangaben
1. Verfasser: Calleo, David P. 1934- (VerfasserIn)
Format: Buch
Sprache:English
Veröffentlicht: New York, NY Morrow 1992
Ausgabe:1. ed.
Schlagworte:
Zusammenfassung:The Bankrupting of America is a broad book with an urgent message based upon research and reflection by one of the country's distinguished political economists. As David Calleo shows, the federal budget deficit is both a symptom and a cause of America's ungovernability and decline. Slowly, it has been forcing a crisis in our domestic and foreign policy, and in the federal system itself. This progressive breakdown is not simply the fault of mistakes made in the last two
or three administrations, but is deeply rooted in fiscal and monetary practices that began more than two decades ago. Step by step since the 1960s, one president after the other, cheered on by the fashionable economists of the hour, has taken the geopolitical and domestic decisions that have brought the country to its current economic situation. The book deals directly with the fiscal breakdown and the context necessary to understand it. It raises--and answers--four
basic questions: 1) What is a budget deficit and what does it mean?; 2) How did we get into the present budget crisis?; 3) What is it doing to us?; 4) What needs to change to get us out of it? As Calleo sees it, the weakness of our public sector is a heavy burden for the nation. The federal political machinery is in extremely bad working order--even by its own historical standards. The federal government has grown incapable of conceiving, enacting or sustaining coherent
Beschreibung:301 S. graph. Darst.
ISBN:0688051626

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