Forgive Us Our Debts
The Intergenerational Dangers of Fiscal Irresponsibility
- 184 pages
- English
- PDF
- Available on iOS & Android
About this book
A plain-English explanation of federal deficits and debt and the threat they pose to our nation and our children's future.
In this immensely timely book, Andrew Yarrow brings the sometimes eye-glazing discussion of national debt down to earth, explaining in accessible terms why federal debt is rising (and will soon rise much faster), what effects it may have on Americans if debt is not brought under control, why our government borrows, and what it will take to pay it all back.
The picture Yarrow paints should concern all Americans. Specifically, he brings to light how rising Medicare, Social Security, and other spending on one hand, and insufficient government revenues on the other, make a mockery of fiscal responsibility. Deficits and debt, Yarrow asserts, are crowding out spending on needed investments in science, environment, infrastructure, and other domestic discretionary programs and could severely harm our nation's and our citizens' future. But he makes clear that this does not have to be a doomsday scenario. If we act in a bipartisan fashion to restore fiscal health, our legacy to the next generation can be much more than trillions of dollars of IOUs.
Frequently asked questions
- Essential is ideal for learners and professionals who enjoy exploring a wide range of subjects. Access the Essential Library with 800,000+ trusted titles and best-sellers across business, personal growth, and the humanities. Includes unlimited reading time and Standard Read Aloud voice.
- Complete: Perfect for advanced learners and researchers needing full, unrestricted access. Unlock 1.4M+ books across hundreds of subjects, including academic and specialized titles. The Complete Plan also includes advanced features like Premium Read Aloud and Research Assistant.
Please note we cannot support devices running on iOS 13 and Android 7 or earlier. Learn more about using the app.
Information
Table of contents
- Contents
- Acknowledgments
- The View from Washington: Six Democrats and Six Republicans Talk About Debt
- About the Author
- Chapter 1. What Are Deficits and Debt, and Why Are They Growing?
- Chapter 2. Balancing and Unbalancing Our Budget: A History of Government Debt in the United States
- Chapter 3. How Deficits Are Funded
- Chapter 4. How Deficits and Debt Affect America and You
- Chapter 5. The Potential Dangers of Doing Nothing, or Fiddling While Our Economy Goes Up in Smoke
- Chapter 6. The Politics of Deficits and Debt
- Chapter 7. What Can and Should Be Done to Reduce America’s Deficits and Debt?
- Chapter 8. Concluding Thoughts: A Nation That Balances Its Books and a Government That Invests in America’s Future
- Notes
- Index