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White House burning:the founding fathers, our national debt, and why it matters to you/ Simon Johnson, James Kwak.

Physical description: 352 p. 24 cm.;
Bibliographic notes: Includes bibliographical references (p. [241]-324) and index.;
Edition: 1st ed.;
Author(s): JOHNSON, Simon;
Kwak, James.;
ISBN: 9780307906960 (hbk.;
Subjects: Debts, Public --United States.; Government spending policy --United States.; Budget deficits --United States.; BUSINESS & ECONOMICS / Banks & Banking.; BUSINESS & ECONOMICS / Consumer Behavior.; BUSINESS & ECONOMICS / Decision-Making & Problem Solving.;
Summary notes: "America is mired in debt--more than $30,000 for every man, woman, and child. Bitter fighting over deficits, taxes, and spending bedevils Washington, D.C., even as partisan gridlock has brought the government to the brink of default. Yet the more politicians on both sides of the aisle rant and the citizenry fumes, the more things seem to remain the same. In White House Burning, Simon Johnson and James Kwak--authors of the national best seller 13 Bankers and cofounders of The Baseline Scenario, a widely cited blog on economics and public policy--demystify the national debt, explaining whence it came and, even more important, what it means to you and to future generations. They tell the story of the Founding Fathers' divisive struggles over taxes and spending. They chart the rise of the almighty dollar, which makes it easy for the United States to borrow money. They account for the debasement of our political system in the 1980s and 1990s, which produced today's dysfunctional and impotent Congress. And they show how, if we persist on our current course, the national debt will harm ordinary Americans by reducing the number of jobs, lowering living standards, increasing inequality, and forcing a sudden and drastic reduction in the government services we now take for granted. But Johnson and Kwak also provide a clear and compelling vision for how our debt crisis can be solved while strengthening our economy and preserving the essential functions of government. They debunk the myth that such crucial programs as Social Security and Medicare must be slashed to the bone. White House Burning looks squarely at the burgeoning national debt and proposes to defuse its threat to our wellbeing without forcing struggling middle-class families and the elderly into poverty. Carefully researched and informed by the same compelling storytelling and lucid analysis as 13 Bankers, White House Burning is an invaluable guide to the central political and economic issue of our time. It is certain to provoke vigorous debate" Provided by publisher.; "By the authors of the national bestseller 13 Bankers, a chilling account of America's unprecedented debt crisis: how it came to pass, why it threatens to topple the nation as a superpower if it is not addressed soon, why this might be impossible given the hypocrisy about government deficits prevalent in Washington today--and what is to be done" Provided by publisher.;
Publisher: New York : Pantheon Books , c2012.;
Call number: 336.3'40973 JOH;
Links: Cover image
Type: Book (Bibliographies)
Available At: Main Library -> stacks
Availability: View details
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National Institute for Legislative and Democratic Studies (NILDS) eLibrary

Bar code Accession number Status Location Material type
8732 8732
336.3'40973 JOH		 Available Main Library -> stacks
 Book (Print, Microform, Electronic, etc.) Request this item for check-out
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008120124s2012 nyua b 001 0 eng
020 $a9780307906960 (hbk.
08200$a336.3'40973 JOH$223
1001 $aJOHNSON, Simon$d1963
24510$aWhite House burning$bthe founding fathers, our national debt, and why it matters to you$cSimon Johnson, James Kwak.
250 $a1st ed.
260 $aNew York$bPantheon Books$cc2012.
300 $a352 p.$c24 cm.
504 $aIncludes bibliographical references (p. [241]-324) and index.
520 $a"America is mired in debt--more than $30,000 for every man, woman, and child. Bitter fighting over deficits, taxes, and spending bedevils Washington, D.C., even as partisan gridlock has brought the government to the brink of default. Yet the more politicians on both sides of the aisle rant and the citizenry fumes, the more things seem to remain the same. In White House Burning, Simon Johnson and James Kwak--authors of the national best seller 13 Bankers and cofounders of The Baseline Scenario, a widely cited blog on economics and public policy--demystify the national debt, explaining whence it came and, even more important, what it means to you and to future generations. They tell the story of the Founding Fathers' divisive struggles over taxes and spending. They chart the rise of the almighty dollar, which makes it easy for the United States to borrow money. They account for the debasement of our political system in the 1980s and 1990s, which produced today's dysfunctional and impotent Congress. And they show how, if we persist on our current course, the national debt will harm ordinary Americans by reducing the number of jobs, lowering living standards, increasing inequality, and forcing a sudden and drastic reduction in the government services we now take for granted. But Johnson and Kwak also provide a clear and compelling vision for how our debt crisis can be solved while strengthening our economy and preserving the essential functions of government. They debunk the myth that such crucial programs as Social Security and Medicare must be slashed to the bone. White House Burning looks squarely at the burgeoning national debt and proposes to defuse its threat to our wellbeing without forcing struggling middle-class families and the elderly into poverty. Carefully researched and informed by the same compelling storytelling and lucid analysis as 13 Bankers, White House Burning is an invaluable guide to the central political and economic issue of our time. It is certain to provoke vigorous debate"$cProvided by publisher.
520 $a"By the authors of the national bestseller 13 Bankers, a chilling account of America's unprecedented debt crisis: how it came to pass, why it threatens to topple the nation as a superpower if it is not addressed soon, why this might be impossible given the hypocrisy about government deficits prevalent in Washington today--and what is to be done"$cProvided by publisher.
650 0$aDebts, Public$zUnited States.
650 0$aGovernment spending policy$zUnited States.
650 0$aBudget deficits$zUnited States.
650 7$aBUSINESS & ECONOMICS / Banks & Banking.
650 7$aBUSINESS & ECONOMICS / Consumer Behavior.
650 7$aBUSINESS & ECONOMICS / Decision-Making & Problem Solving.
7001 $aKwak, James.
85642$3Cover image$u978-0-307-90696-0.jpg

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