Download White House Burning: The Founding Fathers, Our National Debt, and Why It Matters to You AudioBook Free
America is mired in debt-more than $30,000 for each man, woman, and child. Bitter struggling with over deficits, taxes, and spending bedevils Washington, D.C., even while partisan gridlock has taken the federal government to the brink of default. 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 Wayne Kwak-authors of the nationwide best owner 13 Bankers and cofounders of this Baseline Scenario, a widely cited blog on economics and open public policy-demystify the nationwide debt, describing whence it came and, even more important, what this means to you and also to future generations. They tell the storyline of the Founding Fathers' divisive challenges over taxes and spending. They chart the climb of the almighty buck, which makes it easy for america to borrow money. They account for the debasement in our politics system in the 1980s and 1990s, which produced today's dysfunctional and impotent Congress. Plus they show how, if we persist on our current course, the nationwide debt will damage ordinary Americans by reducing the amount of jobs, decreasing living benchmarks, increasing inequality, and forcing a sudden and drastic reduction in the federal government services we now neglect. But Johnson and Kwak provide an obvious and compelling vision for how our credit debt turmoil can be resolved while building up our current economic climate and preserving the essential functions of federal government. They debunk the misconception that such critical programs as Public Security and Medicare must be slashed to the bone. White House Burning looks squarely at the burgeoning nationwide credit debt and proposes to defuse its risk to your well-being without forcing struggling middle-class families and older people into poverty. Carefully researched and up to date by the same engaging storytelling and lucid research as 13 Bankers, White House Burning is an priceless guide to the central politics and economic issue of our time. It is certain to provoke strenuous debate.
