Bankrupting of America: Funny Money and the Federal Budget Deficit

Bankrupting of America: Funny Money and the Federal Budget Deficit

by David P. Calleo

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Library Journal
Rather than emphasizing the nuts and bolts of federal budget deficits, Calleo sees these deficits as a metaphor of our deficient political and economic philosophies. When he discusses government taxing and spending, the author's simple facts often overturn widely held misperceptions. He argues convincingly that what is needed most is a new public philosophy of what government can and should do. Using only basic economic reasoning, Calleo's well-written text is easily accessible to all readers. Highly recommended as an uncommon treatment of a common topic.-- Richard C. Schiming, Mankato State Univ., Minn.
Calleo (international studies, Johns Hopkins U.) discusses what a budget deficit is and means, how we got into the present crisis, what it's doing to us, and how to get out of it. Annotation c. Book News, Inc., Portland, OR (

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HarperCollins Publishers
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1st ed

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