Running on Empty
How the Democratic and Republican Parties Are Bankrupting Our Future and What Americans Can Do about It
Edición de la obra Running On Empty
| Autor | Peter G. Peterson |
|---|---|
| Editorial | Macmillan |
| Fecha de publicación | 2004 |
| Idioma | inglés |
| ISBN-13 | 9780374705695 |
| Número de Cutter | P485r |
"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.