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White House Burning

The Founding Fathers, Our National Debt, and Why It Matters to You
Johnson, Simon (Book - 2012 )
Average Rating: 3.5 stars out of 5.
White House Burning


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"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"--
Authors: Johnson, Simon, 1963-
Title: White House burning
the founding Fathers, our national debt, and why it matters to you
Publisher: New York :, Pantheon,, c2012.
Edition: 1st ed.
Characteristics: 352 p. :,ill. ;,25 cm.
Summary: "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"--
Local Note: 6 15 35 53 76 80 118 122 148 150 151 152 210 216 226 243 250
Additional Contributors: Kwak, James
ISBN: 9780307906960
0307906965
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Report This Jul 17, 2012
  • delfon rated this: 5 stars out of 5.

http://baselinescenario.com/ One of the best books on the current crisis hitting USA; with a generalized focus such that one can apply their conclusions, assertions and theories to Canada as well. In recent years (early 90's) a national nutbar was comparing national debt to homeowner debt; a false, misleading and corrupting comparison if ever there was. Deficits are sustainable, and are NOT a drain on future generations. Money is borrowed in the here and now, not in the tomorrow. All in all a good read, but better if one was to read the notes first. Interest rates are set to rise to 8.75% by 2021 for Treasury notes; how does that affect mortgages, loans or savings. There's lots ot digest in this. Howevre, Naylors, 'Hot Money and the politics of debt' is also a good companion to this.

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