Running On Empty: How The Democratic And Republican Parties Are Bankrupting Our Future And What Americans Can Do About It

Peter G. Peterson

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Language: English

Published by Farrar, Straus and Giroux, 2004

0374252874 / 9780374252878

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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.

Seller Inventory # 9780374252878

Title
Running On Empty: How The Democratic And Republican Parties Are Bankrupting Our Future And What Americans Can Do About It
Author
Peter G. Peterson
Publisher
Farrar, Straus and Giroux
Publication year
2004
Condition
New
Dust jacket
Dust Jacket Included
Binding
Hardcover
Language
English
ISBN 10
0374252874
ISBN 13
9780374252878

SZ Global

Toronto, ON, Canada

5-star seller

AbeBooks seller since October 3, 2025

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