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Title details for Comeback America by David M. Walker - Available

Comeback America

Turning the Country Around and Restoring Fiscal Responsibility

by David M. Walker
ebook
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He's one of America's most capable, canny, candid, and independent financial experts. Now David M. Walker sounds a call to action. Comeback America is a tough-minded, innovative, inspiring guide to help us avoid the approaching economic abyss and put the country back on track again.
As comptroller general of the United States and head of the Government Accountability Office (GAO)—"the nation's top auditor"—Walker warned Congress and the administration as the federal surplus became a giant deficit under George W. Bush. As president and CEO of the Peter G. Peterson Foundation, he now works full-time to raise public awareness regarding mounting debt burdens being imposed on future generations. Comeback America is his crucial manifesto, a way for President Obama to end out-of-control government spending and reform our tax, retirement, health care, defense, and other systems—before it's too late.
Walker believes that by 2030, absent significant reforms to current government programs and policies, federal taxes could double from current levels, meaning less money and poorer education for kids—which will hurt families along with our nation's economic strength and position in the world. If our foreign creditors—such as China—decide to buy fewer of our Treasury bonds, interest rates will rise and cars and homes will become less affordable. 
But it doesn't have to be that way. Comeback America shows how we can return to our founding principles of fiscal responsibility and stewardship for future generations. The book includes bold ideas to control spending, save Social Security, dramatically alter Medicare, and simplify the tax code—all taking into account the Obama Administration's current efforts, which receive never-before-published assessments both complimentary and critical.
Nonpartisan, nonideological, and filled with a love of the country its esteemed author has spent his life serving, Comeback America is a book for anyone interested in America's economic future—in other words, a book everyone should read.

  • Creators

  • Publisher

  • Release date

    January 12, 2010

  • Formats

    • Kindle Book

      • ISBN: 9781588369765

    • OverDrive Read

      • ISBN: 9781588369765

    • EPUB ebook

      • ISBN: 9781588369765
      • File size: 2391 KB

  • Languages

    • English

  • Reviews

    • Library Journal

      Starred review from February 15, 2010
      America is broke! American households owe about $483,000 apiece as part of the $56 trillion total of our national debt and unfunded obligations. This is the frightening message of Walker, who is a former comptroller general of the United States and an outspoken critic of deficit spending. He explains that America has been borrowing to pay current expenses and putting off the funding of Social Security, Medicare, and other entitlement programs. He warns that the consequences of this policy will be to destroy our way of life, devalue the dollar, and make us indebted to foreign powers. He explains in depth how the United States could get back to financial security through benefit cuts, tax increases, improved government cost efficiency, and greater reliance of Americans on themselves. Walker comes across as nonpartisan and writes clearly for general readers with an almost folksy style. VERDICT The probable audience for this book will be fiscal conservatives, which would be a shame because it should be a wake-up call for everyone. It serves as a fine expansion ofand update tothe 2008 documentary "I.O.U.S.A.: One Nation. Under Stress. In Debt", and its companion volume of the same title, in both of which Walker was a prominent participant.Lawrence Maxted, Gannon Univ. Lib., Erie, PA

      Copyright 2010 Library Journal, LLC Used with permission.

Formats

  • Kindle Book
  • OverDrive Read
  • EPUB ebook

subjects

Languages

  • English

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