The National Debt: A Primer and A Plan
| Author | : | |
| Rating | : | 4.39 (709 Votes) |
| Asin | : | 1614347093 |
| Format Type | : | paperback |
| Number of Pages | : | 162 Pages |
| Publish Date | : | 2014-06-09 |
| Language | : | English |
DESCRIPTION:
"The book is frightening. I consider myself well-informed on public policy issues, including the debt and deficit, but I've never seen the numbers laid out so forthrightly before." - Robert Poole, Founder and former President of the Reason Foundation
After a short overview of the federal government's financial condition, The National Debt explains the flaws in the debt/GDP ratio and the significant risks inherent in the interest payments on the national debt. The National Debt: A Primer and A Plan enables American voters to see through the Washington doubletalk about the federal deficits and the national debt. The author's budget reform proposal is compared to the Bowles-Simpson plan and the CBO baseline budget. Finally, the author suggests how American voters can hold our elected representatives accountable for sound fiscal management.. Less than a two hour read, The National Debt uses a Q&A format and 35 original charts and tables to provide clear answers to the key questions ignored by politicians and the media. The book analyzes the options available to the Fed and the Treasury Department when today's record national debt balance combines with tomorrow's normal interest rates
"A Chilling After-Halloween Tale" according to Hugh E McCoy III. George Christy's chilling primer on the U.S. national debt shows exactly why the changes required to avert a default on our debt are Politically improbable. Mr. Christy paints a clear and simple picture of the moment when we can no longer pay the interest on our debt. As he takes us walking through a Fed default and a Declared default, you can clearly see the conversation between the White House and the Treasury Dept:Treasury: We cannot fund next month's payroll, Medicare checks and Social Security checks in full if we pay all the interest due on the national debt.White House:I see. Well, how many . Matthew Griessler said excellent explation of our national debt. I found this book to be an excellent explanation of the debt problem that faces the US. It paints a clear and concise picture of what will happen when the US defaults, either through a Fed default or a declared default. I found this book to be more terrifying than any Stephen King novel and very eye opening.This book utilizes many graphs based on CBO data as well as from other reputable sources to make its point. If you're going to vote in November, buy this book.. A Reader III said A Thoughtful Book on a Serious Subject. Mr. Christy's thoughtful analysis is an important addition to the nation's debate regarding our national debt and the likely consequences of inaction. A "Must Read".