Franklin

A nation in the red : the government debt crisis and what we can do about it / Murray Holland.

Author/Creator:
Holland, Murray, author.
Edition:
1st edition
Publication:
New York : McGraw-Hill Education, 2014.
Format/Description:
Book
1 online resource (x, 277 pages ) illustrations ;
Subjects:
Government spending policy -- United States.
Financial crises -- United States.
Debts, Public -- United States.
United States -- Economic conditions -- 2009-.
United States -- Economic policy -- 2009-.
Form/Genre:
Electronic books.
Language:
English
System Details:
text file
Summary:
Our government debt is rising every day. Our population is shifting as more people retire and fewer are able to find work. Our social programs, including the Affordable Care Act, are only adding to our financial burden, and rising taxes are hindering economic growth. We are a nation in the red. A powerful wake-up call to leaders, investors, and citizens, this brilliantly researched book reveals the surprising truth about our national debt--and what we can do about it. You'll learn: How reckless spending by Congress has created a debt trap How Obamacare will negatively affect health care costs and our economy How Social Security really works--and why it's unsustainable in its current form How changing interest rates could spell disaster for the United States What America can learn from Europe's economic woes What could happen if the United States defaults on its loans What our government needs to do now to save us from collapse What you can do to protect yourself and your family Written in clear, concise language and backed with ample data and sometimes shocking facts, A Nation in the Red presents a reasoned, straightforward approach to one of the most controversial issues of our time. You'll discover the fascinating psychological reasons that have helped create our debt trap, the staggering price of FDR's New Deal and LBJ's Great Society, and the real cost of entitlement programs like Medicare, Social Security, and welfare. You'll learn about the 2,200 federal programs that we’re all paying for--and the truth about Bush-era tax cuts versus Obama's tax hikes. You'll also discover how the five most obvious ways to reduce debt may--or may not--be the solution to our country's problems. And most importantly, you'll learn how to protect your own wealth from the next financial crisis. ADVANCE PRAISE FOR A NATION IN THE RED " A Nation in the Red is the best-researched and most understandable explanation of how the United States put itself in the untenable debt position it is in today. Murray Holland has an extraordinary comprehension of the economic, currency, legal, and business problems facing this country. He has the knowledge to understand the extent of our problems and the wisdom to advise how to get out of the government debt trap." -- Christopher Mahoney, retired Vice Chairman, Moody's Investors Service " A Nation in the Red is a must read to get a vivid picture of where our country is on the slippery slope to financial disaster and what must ...
Contents:
A nation in the red
Real numbers
The debt trap
The financial causes of the debt trap
Psychological causes of the debt trap
The European economic and currency crises
The 5 ways out of the debt trap
Can the United States escape the debt trap?
What does all this mean to you and how can you help?
Notes:
Bibliographic Level Mode of Issuance: Monograph
Includes bibliographical references (pages [259]-266) and index.
Description based on print version record.
ISBN:
0-07-182980-6
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