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"When George W. Bush came into office in 2001, the ten-year budget balance was officially projected to be at a surplus of $5.6 trillion. But after three big tax cuts, the bursting of the stock-market bubble, and the devastating effects of 9/11 on the economy, the surplus has evaporated, and the deficit is expected to grow to $5 trillion over the next decade. America was once the greatest creditor to nations around the globe; it is now the largest debtor in the world. And the domestic deficit is only half the story. Given our $500 billion trade deficit and our anemic savings rate, we depend on an unprecedented $2 billion of foreign capital every working day. If foreign confidence were to wane, this could lead to a dreaded hard landing." "In Running on Empty, Peterson takes us behind the politicians' smoke-and-mirror games, and forcefully explains what we must do to rescue the future of our country."--BOOK JACKET.
Buchkauf
Running on Empty, Peter G. Peterson
- Sprache
- Erscheinungsdatum
- 2004
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- Preis
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- Titel
- Running on Empty
- Untertitel
- How the Democratic and Republican Parties Are Bankrupting Our Future and What Americans Can Do About It
- Sprache
- Englisch
- Autor*innen
- Peter G. Peterson
- Erscheinungsdatum
- 2004
- Einband
- Hardcover
- Seitenzahl
- 242
- ISBN10
- 0374252874
- ISBN13
- 9780374252878
- Reihe
- Schlagwörter
- Sachbücher, Handel, Wirtschaft & Management, Politik, Ökonomie, USA, Wirtschaftspolitik
- Beschreibung
- "When George W. Bush came into office in 2001, the ten-year budget balance was officially projected to be at a surplus of $5.6 trillion. But after three big tax cuts, the bursting of the stock-market bubble, and the devastating effects of 9/11 on the economy, the surplus has evaporated, and the deficit is expected to grow to $5 trillion over the next decade. America was once the greatest creditor to nations around the globe; it is now the largest debtor in the world. And the domestic deficit is only half the story. Given our $500 billion trade deficit and our anemic savings rate, we depend on an unprecedented $2 billion of foreign capital every working day. If foreign confidence were to wane, this could lead to a dreaded hard landing." "In Running on Empty, Peterson takes us behind the politicians' smoke-and-mirror games, and forcefully explains what we must do to rescue the future of our country."--BOOK JACKET.