The National Debt and Our Grandchildren: Should We Worry?

Released on by Arthur Benavie
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  • The National Debt and Our Grandchildren: Should We Worry? Book Detail

  • Author : Arthur Benavie
  • Release Date : 2023-10-13
  • Publisher : Austin Macauley Publishers
  • Genre : Political Science
  • Pages : 131
  • ISBN 13 : 1685622925
  • File Size : 96,96 MB
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The National Debt and Our Grandchildren: Should We Worry? by Arthur Benavie PDF Summary

Book Description: Throughout our history Americans have embraced the myth that our national debt is immoral and destructive. This deeply rooted belief goes back to our Founding Fathers: Jefferson excoriated debt as “the greatest of dangers to be feared.” Andrew Jackson demonized debt as “a national curse.” Current political leaders continue to endorse this negative view of our national debt. Obama said that incurring debt was “irresponsible” and “unpatriotic.” John McCain condemned it as “generational theft.” In this book, the prize-winning economics professor Arthur Benavie, demonstrates in clear and non-technical language that belief in this myth has repeatedly blocked our federal government from creating jobs and investing in our children’s future. Benavie describes the many occasions, including from the administrations of FDR to Obama, where our leaders were faced with severe political retribution at the mere suggestion that their policies would increase the national debt. Belief in this myth presents a continuing danger to the wellbeing of our children and grandchildren. Benavie examines several ways to disempower it.

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From the authors of the national bestseller 13 Bankers, a chilling account of America’s unprecedented debt crisis: how it came to pass, why it threatens to to