Home  / Running On Empty: How The Democratic And Republican Parties Are Bankrupting Our Future And What Americans Can Do About It: how the Democratic and Republican Parties are bankrupting our future and what Americans can do about it
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Running On Empty: How The Democratic And Republican Parties Are Bankrupting Our Future And What Americans Can Do About It: how the Democratic and Republican Parties are bankrupting our future and what Americans can do about it

by Peter G. Peterson
5.000 KD
Fine

'When George W. Bush came into office in 2001, the ten-year budget balance was officially projected to be at a surplus of $5.6 trillion. But after three big...

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Details

AuthorPeter G. Peterson
First published2004
Era2000 onward
PublisherFarrar, Straus and Giroux
LanguageEnglish
FormatHardcover
ConditionFine
Reference321766-fine

The Story

'When George W. Bush came into office in 2001, the ten-year budget balance was officially projected to be at a surplus of $5.6 trillion. But after three big tax cuts, the bursting of the stock-market bubble, and the devastating effects of 9/11 on the economy, the surplus has evaporated, and the deficit is expected to grow to $5 trillion over the next decade. America was once the greatest creditor to nations around the globe; it is now the largest debtor in the world. And the domestic deficit is only half the story. Given our $500 billion trade deficit and our anemic savings rate, we depend on an unprecedented $2 billion of foreign capital every working day. If foreign confidence were to wane, this could lead to a dreaded hard landing.' 'In Running on Empty, Peterson takes us behind the politicians' smoke-and-mirror games, and forcefully explains what we must do to rescue the future of our country.'--BOOK JACKET.