About the Book

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.
With bracing clarity, "Deluded" explains why the national debt matters to your everyday life. It gives a clear account of the ways in which the government has been able to pay off its debt in the past, even after the massive deficits incurred as a result of World War II. It analyzes why this is no longer possible by closely examining, among other factors, macroeconomic shifts of the 1970s, Reaganism and the rise of conservatism, and demographic changes that led to the growth of major--now seemingly politically untouchable--entitlement programs. And it makes unquestionably clear how recent financial turmoil exacerbated the debt crisis while creating a political climate in which it is even more difficult to solve.

Product Details

Media: Hardcover Book, 368 pages

Language: English

Publisher: Pantheon Books

Edition: Unknown

ISBN-10: 0307906965

Publication Date: Apr. 3rd, 2012

ISBN-13: 9780307906960

Dimensions: 6.46 x 9.50 x 1.31 inches

Shipping Weight: 1.55 lbs

• Categories: Public Finance Political Economic Conditions