America's Fiscal Constitution: Its Triumph and Collapse

America's Fiscal Constitution: Its Triumph and Collapse

America's Fiscal Constitution: Its Triumph and CollapseÂ (PublicAffairs, April 1, 2014) tells the remarkable story of federal leaders who imposedÂ clear limits on the use of federal debt. For almost two centuries those limits allowed the federal government to borrow for only four purposes.Â That traditional fiscal constitution collapsed in 2001, when federal elected officials broke the traditional link between federal tax and spendingÂ policies. For the first time in history, the federal government cut taxes during war, funded permanent new programs entirely with debt, andÂ became dependent on foreign creditors.

With insights gained from original scholarship and an unusual breadth of experience in finance and government, Bill White distillsÂ practical lessons from the nation's five previous spikes in debt.Â America's Fiscal ConstitutionÂ is an entertaining and objective guide for peopleÂ trying to make sense of the current and most dangerous debt crisis.
Country USA
Brand PublicAffairs
Manufacturer PublicAffairs
Binding Hardcover
ItemPartNumber Illustrated
ReleaseDate 2014-04-01
UnitCount 1
EANs 9781610393430

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