America the broke
Subtitle: how the reckless spending of the White House and Congress is bankrupting our country and destroying our children's future
By: Gerald J. Swanson.
Edition: 1st ed.
Publisher: Currency; Currency Doubleday
Published: 2004
Place of publication: New York
Language: eng
Number of pages: 206
Subjects: Government spending policy -- United States; Budget -- United States; Budget deficits -- United States; United States -- Economic policy; United States -- Economic conditions -- 2001-2009
Description: "In America the Broke Gerald J. Swanson 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's escalation of domestic spending, 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 financial abyss that could undermine the financial security of our families and our children's children."--BOOK JACKET.
Notes: Includes index.