European University Institute Library

A nation in the red, the government debt crisis and what we can do about it, by Murray Holland

eng

Includes bibliographical references and index

illustrations

index present

non fiction

A nation in the red

bibliography

853313612

by Murray Holland

the government debt crisis and what we can do about it

"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; and 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"--provided by publisher

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?