America's Ticking Bankruptcy Bomb: How the Looming Debt Crisis Threatens the American Dream-and How We Can Turn the Tide Before It's Too Late

America's Ticking Bankruptcy Bomb: How the Looming Debt Crisis Threatens the American Dream-and How We Can Turn the Tide Before It's Too Late

by Peter Ferrara
     
 

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In America’s Ticking Bankruptcy Bomb, conservative policy expert Peter Ferrara explores the issue that will be THE hot-button topic from now until the 2012 presidential election: the looming bankruptcy of the federal government of the United States of America. Providing indisputable evidence that the American welfare state, aggressively expanded by

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Overview

In America’s Ticking Bankruptcy Bomb, conservative policy expert Peter Ferrara explores the issue that will be THE hot-button topic from now until the 2012 presidential election: the looming bankruptcy of the federal government of the United States of America. Providing indisputable evidence that the American welfare state, aggressively expanded by Barack Obama and the Democrats in Congress, is on the verge of rapid and total collapse, Ferrara offers concrete proposals for reforming entitlement programs along free market lines that will shift responsibility from centralized bureaucracies to individual Americans. For every concerned citizen, America’s Ticking Bankruptcy Bomb is a must-read—a blueprint for avoiding the impending catastrophe before it’s too late.

Editorial Reviews

Mitch Daniels
“In an authoratative book which leads to an inarguable conclusion, Peter Ferrara provides an antidote for anyone still in denial about the mortal threat posed by our nation’s debt—and the anti-growth policies that are adding to it.”
Library Journal
Beyond an economic warning, this is an ambitious roadmap to economic reform and recovery for America. Voluminous statistics, numerous sources, and substantive issues make the book extremely credible. Readers will find explanations of the 2008 financial crisis and proposals to improve the situation. They will also be disabused of media distortions and inconsistencies that mislead the public's economic understanding. Ferrara (President Obama's Tax Piracy)—director of the Institute for Policy Innovation, former Reagan White House Office of Policy Development member, and former associate deputy attorney general under the first President Bush—outlines the calamitous path America has traveled and proposes multiple reforms that need both liberals' and conservatives' attention to avoid detonating the bankruptcy bomb. The reforms repeatedly demonstrate how present policies hurt poor and low-income Americans; restrain economic growth; endanger health care, education, Social Security, pensions, and states; and create disincentives that cause increased welfare enrollment, crime, and counterproductive activities. A comparison with Chilean Social Security, for example, shows U.S. ineptitude. Ferrara's plea: "Can we talk?" VERDICT Enlightening for serious readers, politicians, and those concerned about America's future.—Joanne B. Conrad, Geneseo, NY

Product Details

ISBN-13:
9780062092199
Publisher:
HarperCollins Publishers
Publication date:
06/14/2011
Sold by:
HARPERCOLLINS
Format:
NOOK Book
Pages:
432
File size:
2 MB

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Mitch Daniels
“In an authoratative book which leads to an inarguable conclusion, Peter Ferrara provides an antidote for anyone still in denial about the mortal threat posed by our nation’s debt—and the anti-growth policies that are adding to it.”

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