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Full Description
Conservative, Liberal, Republican, Democrat, Libertarian, Socialist . . . Each has a laundry list for America on which the slow-motion cataclysm of unsustainable national debt is but a lonely bullet point among dozens of others. Full Faith and Credit zooms in on that point, liberates it from partisan programs and political orientations, expands it, explores it, and explains it.
The book examines key dimensions of our national life—from a military-industrial complex more menacing than even Eisenhower could have imagined to a Tower of Babel tax code that covertly translates taxes into secret subsidies. With the aim of converting bystanders into informed advocates of change, Full Faith and Credit is rich with eye-opening data, surprising case studies, and you-can't-make-this-stuff-up examples:
For every official the United States public has elected, its government supports 5000 unelected employees.
$1 billion is the cost to destroy $16 billion in ammunition unneeded by the U.S. military.
$20,973,890,000 is the total taxpayer cost to the Treasury of gambling losses deducted by millionaires.
With easy-to-follow graphs and charts, as well as 20 uproarious full-colour editorial cartoons drawn from the prior work of Pulitzer Prize-winning artist Michael Ramirez, Full Faith and Credit locates the tipping point of the $19.4 trillion (and counting) national debt crisis and offers ideas on how to fix it.
Contents
Publisher's Foreword Introduction: The Terrorism of Debt Part I: How We Got Here: The Unintended Consequences of Elected Government Chapter 1: George Washington to Theodore Roosevelt Chapter 2: Woodrow Wilson to Franklin Delano Roosevelt Chapter 3: Harry S. Truman to Ronald Reagan Chapter 4: George H. W. Bush to Barack Obama Part II: The Tyranny of Good Intentions Chapter 5: In Government We Trust Chapter 6: The Unintended Consequence of Unelected Government Chapter 7: Our Climate of Moral Hazard: From New Deal to Raw Deal Part III: Spending Too Much to Provide for the Common Defense: Trapped in the Puzzle Palace Chapter 8: IKE's First Draft Chapter 9: The Pentagon and Pork Chop Hill Part IV: Spending Too Much at the Civil Pork Barrel: One Man's Waste Is Another Man's Dinner Chapter 10: From the Bottom of the Barrel: Grinding the Political Pork Sausage Chapter 11: Let Them Eat Pork: How Congress Buys Votes Part V: What Taxes Cost Us: Tax Plans and Policy Choices Chapter 12: Abandon All Hope? Chapter 13: When Subsidies and Preferences Pass For Taxes Part VI: Solutions: Asking the Right Questions Chapter 14: How Much Longer Do We Have to Perch on this Painful Tipping Point? Chapter 15: Stay Curious, Get Skeptical: Resources, References, and Policy Choices