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"After tracing the fluctuations in the finances of the country from its beginning until 1940, the administrations of the next 12 presidents Roosevelt through George W. Bush and the annual budget deficits and the interest expenses that fed the national debt are examined in detail"--Provided by publisher.
Description
"Debt crises have placed strains not only on the European Union's nascent federal system but also on the federal system in the United States. Old confrontations over fiscal responsibility are being renewed, often in a more virulent form, in places as far flung as Detroit, Michigan, and Valencia, Spain, to say nothing of Greece and Cyprus. Increasing the complexity of the issue has been public sector collective bargaining, now a component of most federal...
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Over the past twenty years, the quality of life for American workers - blue-collar and white-collar, young and old, skilled and unskilled - has gone from reasonable comfort to near desperation. In this brilliantly original and compelling book, two distinguished economists show how this disastrous downward swing can be traced directly to the insidious disease of debt - not just government debt but personal and corporate debt as well. Corporate debt...
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The United States was born in debt, a debt so deep that it threatened to destroy the young nation. Thomas Jefferson considered the national debt a monstrous fraud on posterity, while Alexander Hamilton believed debt would help America prosper. Both, as it turns out, were right. This book explores the untold history of America's first national debt, arising from the immense sums needed to conduct the Revolution. Financial historian Wright recounts...
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Former Republican strategist Phillips takes an uncompromising view of the political coalition, led by radical religion, that is driving America to the brink of disaster. From Ancient Rome to the British Empire, Phillips demonstrates that every world-dominating power has been brought down by a related set of causes: a lethal combination of global over-reach, militant religion, resource problems, and ballooning debt. It is this same axis of ills that...
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