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portada America's Fiscal Constitution: Its Triumph and Collapse
Type
Physical Book
Publisher
Author
Year
2014
Language
English
Pages
576
Format
Hardcover
ISBN13
9781610393430
Edition No.
1
Categories

America's Fiscal Constitution: Its Triumph and Collapse

Bill White (Author) · Publicaffairs · Hardcover

America's Fiscal Constitution: Its Triumph and Collapse - Bill White

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Synopsis "America's Fiscal Constitution: Its Triumph and Collapse "

America's Fiscal Constitution: Its Triumph and Collapse (PublicAffairs, April 1, 2014) tells the remarkable story of federal leaders who imposed clear limits on the use of federal debt. For almost two centuries those limits allowed the federal government to borrow for only four purposes. That traditional fiscal constitution collapsed in 2001, when federal elected officials broke the traditional link between federal tax and spending policies. For the first time in history, the federal government cut taxes during war, funded permanent new programs entirely with debt, and became dependent on foreign creditors.With insights gained from original scholarship and an unusual breadth of experience in finance and government, Bill White distills practical lessons from the nation's five previous spikes in debt. America's Fiscal Constitution is an entertaining and objective guide for people trying to make sense of the current and most dangerous debt crisis.

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