Steering Clear : How to Avoid a Debt Crisis and Secure Our Economic Future
Peterson, Peter G., Smith, John W.
Language: English
Published by Penguin Publishing Group, 2015
- Hardcover
- Used
Seller: Better World Books, Mishawaka, IN, U.S.A.Better World Books
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- Title
- Steering Clear : How to Avoid a Debt Crisis and Secure Our Economic Future
- Author
- Peterson, Peter G., Smith, John W.
- Publisher
- Penguin Publishing Group
- Publication year
- 2015
- Condition
- Very Good
- Binding
- Hardcover
- Language
- English
- ISBN 10
- 159184780X
- ISBN 13
- 9781591847809
- Item weight
- 1.153 pounds
- Dimensions
- N/A
Philanthropist, businessman, and former secretary of commerce Peter G. Peterson argues that we can no longer ignore the long-term debt challenges facing our country, because our economic future depends on it. The gross federal debt now exceeds $17 trillion and it is expected to rise rapidly in the decades to come. If the growing gap between projected spending and revenues continues to widen, our federal debt is projected to soar to the highest levels in our nations historymore than four times its average over the past forty years. This growing debt and the associated interest costs divert resources away from important public and private investments that are critical to our global competitiveness, threatening our future economy.
Peterson has made it his lifes work to bring awareness to Americas key economic and fiscal challenges. He makes clear that if we continue to ignore Americas long-term debt, we will diminish economic opportunities for future generations, weaken our ability to protect the most vulnerable, and undermine the competitive strength of our businesses globally.
The drama-filled, economically damaging budget battles of the last few years have focused almost entirely on the short termputting aside the more difficult, but much more important, long-term issues. Peterson offers nonpartisan analysis of our economic challenges and a robust set of options for solving our long-term debt problems. He looks at the impact of aging baby boomers, growing healthcare costs, outdated military spending, a flawed tax code, and our divided political system. And he offers hopeful, durable, and achievable solutions for improving our fiscal outlook through a mix of progrowth reform options that would reduce government spending and increase revenue, and could be phased in gradually in the years to come.
Theres still time to restore the United States as a land of opportunity. Petersons diagnosis and recommendations can help us confront our fiscal reality, address our long-term debt, and steer the country safely toward a more secure and dynamic economic future.
"Synopsis" may belong to another edition of this title.
About the Author
PETER G. PETERSON is the founder and chairman of the nonpartisan Peter G. Peterson Foundation, which works to increase public awareness and accelerate action on the key fiscal challenges threatening Americas future. He is also the cofounder of The Blackstone Group, a former chairman and CEO of Lehman Brothers, a former chairman of the Council on Foreign Relations, founding chairman of the Peterson Institute for International Economics, former secretary of commerce under President Richard Nixon, and former chairman and CEO of Bell and Howell company, among many other positions in the public and private sectors. He is the author of six previous books, includingThe Education of an American Dreamer and the bestseller Running on Empty. He lives in New York City.
"About the title" may belong to another edition of this title.
Better World Books
Mishawaka, IN, U.S.A.
AbeBooks seller since August 3, 2006
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Better World Books (https://www.BetterWorldBooks.com) is a for-profit, socially conscious business and a global online bookseller that collects and sells new and used books online, matching each purchase with a book donation. Each sale generates funds for literacy and education initiatives in the U.S., the UK, and around the world. Since its launch in 2003, Better World Books has raised $33 million for libraries and literacy, donated over 32 million books, and reused or recycled more than 397 million books.…
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