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America the Broke

Gerald Swanson

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Description:"One day soon, our government will suddenly run out of cash, unable to meet its payments, leaving the United States as bankrupt as any banana republic. We are far more vulnerable than most Americansrealize. . . With a debt of $7.3 trillion, if interest rates were to hit the levels we saw 20 years ago, it would take every nickel collected in income taxes just to pay the interest on our existing debt. There would be nomoney left for defense, or homeland security, or education, or Social Security. This scenario is hardly fiction. That the United States of America can literally go broke is no longer a fantasy butlikelihood-unless we stop the train now speeding us to Armageddon. If we do not get our financial house in order, and soon, our great nation will collapse under the weight of its financialobligations. I believe we can prevent the catastrophe. But time is short. In the final reckoning, it's up to us to do what's needed to save America'sfuture."-from "America the Broke" The dirty little secret that neither George W. Bush nor Congress arewilling to confront-that America's reckless spending, disastrous deficits, and exploding debt are speeding our great nation to financial ruin. Imagine a world in which youlose your job because your company goes under, your retirement money disappears, the value of your home tumbles overnight, your bank stops allowing cash withdrawals, and your ATM card is canceled. The price of grocerieshas risen so fast that you don't have the money to pay for them at the check-out counter . . . and the country is bankrupt. That is exactly the future that economist Gerald J. Swanson seesAmerica hurtling toward-unless we rein in our country's reckless spending. In "America the Broke," Swanson, coauthor of the runaway "New York Times" bestseller"Bankruptcy 1995," argues that the United States is on the brink of financial collapse. Thanks to George W. Bush's two tax cuts, the White House and Congress' escalation of domesticspending, two wars, and an economic recession, what was a $200 billion annual surplus three years ago under Bill Clinton has become a river of red ink. The White House's official projected deficit for 2004 is$521 billion-the largest deficit in U.S. history. With a national debt spiraling upward of $7.3 trillion, a huge trade deficit, and personal debt at an all-time high, we are standing at the edge of a financialabyss that could undermine the financial security of our families and our children's children. "Deficits don't matter," claim Vice President Dick Cheney and othermembers of the Bush Administration. But the facts revealed in "America the Broke" paint an alarming picture. Next year's projected deficit will exceed the amount all our citiesspend on police, fire protection, medical care, and every other civil service in an entire year. It is more than we could save from abolishing Medicare and Medicaid completely.The "real"deficit-the deficit the government doesn't want you to know about--including the hidden funds we "borrow" from Social Security is nearly $1"trillion."Rising interest rates alone could trigger staggering payments on our skyrocketing debt, soaking up every dollar the government takes in, leaving Americabankrupt. What does this mWe have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with America the Broke. To get started finding America the Broke, you are right to find our website which has a comprehensive collection of manuals listed.
Our library is the biggest of these that have literally hundreds of thousands of different products represented.

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Format: PDF, EPUB & Kindle Edition

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ISBN: 038551400X

Description: "One day soon, our government will suddenly run out of cash, unable to meet its payments, leaving the United States as bankrupt as any banana republic. We are far more vulnerable than most Americansrealize. . . With a debt of $7.3 trillion, if interest rates were to hit the levels we saw 20 years ago, it would take every nickel collected in income taxes just to pay the interest on our existing debt. There would be nomoney left for defense, or homeland security, or education, or Social Security. This scenario is hardly fiction. That the United States of America can literally go broke is no longer a fantasy butlikelihood-unless we stop the train now speeding us to Armageddon. If we do not get our financial house in order, and soon, our great nation will collapse under the weight of its financialobligations. I believe we can prevent the catastrophe. But time is short. In the final reckoning, it's up to us to do what's needed to save America'sfuture."-from "America the Broke" The dirty little secret that neither George W. Bush nor Congress arewilling to confront-that America's reckless spending, disastrous deficits, and exploding debt are speeding our great nation to financial ruin. Imagine a world in which youlose your job because your company goes under, your retirement money disappears, the value of your home tumbles overnight, your bank stops allowing cash withdrawals, and your ATM card is canceled. The price of grocerieshas risen so fast that you don't have the money to pay for them at the check-out counter . . . and the country is bankrupt. That is exactly the future that economist Gerald J. Swanson seesAmerica hurtling toward-unless we rein in our country's reckless spending. In "America the Broke," Swanson, coauthor of the runaway "New York Times" bestseller"Bankruptcy 1995," argues that the United States is on the brink of financial collapse. Thanks to George W. Bush's two tax cuts, the White House and Congress' escalation of domesticspending, two wars, and an economic recession, what was a $200 billion annual surplus three years ago under Bill Clinton has become a river of red ink. The White House's official projected deficit for 2004 is$521 billion-the largest deficit in U.S. history. With a national debt spiraling upward of $7.3 trillion, a huge trade deficit, and personal debt at an all-time high, we are standing at the edge of a financialabyss that could undermine the financial security of our families and our children's children. "Deficits don't matter," claim Vice President Dick Cheney and othermembers of the Bush Administration. But the facts revealed in "America the Broke" paint an alarming picture. Next year's projected deficit will exceed the amount all our citiesspend on police, fire protection, medical care, and every other civil service in an entire year. It is more than we could save from abolishing Medicare and Medicaid completely.The "real"deficit-the deficit the government doesn't want you to know about--including the hidden funds we "borrow" from Social Security is nearly $1"trillion."Rising interest rates alone could trigger staggering payments on our skyrocketing debt, soaking up every dollar the government takes in, leaving Americabankrupt. What does this mWe have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with America the Broke. To get started finding America the Broke, you are right to find our website which has a comprehensive collection of manuals listed.
Our library is the biggest of these that have literally hundreds of thousands of different products represented.

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