The National Debt of the United States, 1941 to 2008 / Edition 2

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Overview

America's debt is in the trillions—and yet, like those who worry about borrowing five dollars but not about their unaffordable mortgage, Americans fail to pay attention to this serious situation. The press hovers over annual budgets and the associated deficits (and rare surpluses), but pays little attention to the national debt and even less to the interest spent serving it. Federal politicians seem as powerless to control the debt as they are uninformed about its nature.

After tracing fluctuations in the finances of the country from its beginning until 1940, this book examines the administrations of the next 12 presidents (FDR through George W. Bush) and the annual budget deficits and interest expenses that fed the national debt. The startup debt of each administration is shown; then the change in debt through the end of the administration is analyzed to show what areas of government incurred overspending and how much was overspent. Also included are brief biographies of each president, and discussions of foreign and domestic situations, including judicial decisions and sociological changes, that affected fiscal policies and fueled the urge to overspend.

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Editorial Reviews

Choice
detailed...easily accessible...especially useful...abundant time-sequenced tables...recommended
The Activist News
"every serious political activist should own a copy. A fascinating read, with everything you really need to know about the federal government in one compact place"
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Product Details

  • ISBN-13: 9780786432332
  • Publisher: McFarland & Company, Incorporated Publishers
  • Publication date: 2/20/2008
  • Edition number: 2
  • Pages: 393
  • Product dimensions: 9.00 (w) x 6.00 (h) x 1.00 (d)

Meet the Author

Retired CPA, corporate executive and management consultant Robert E. Kelly is an author and an award-winning journalist. He lives in Beverly, Massachusetts.

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Table of Contents

Acknowledgments     vii
Foreword   Nelson K. Benton     1
Introduction     5
Background 1789-1940     15
Franklin D. Roosevelt, 1941-1944     29
Franklin D. Roosevelt and Harry S Truman, 1945-1948     44
Harry S Truman, 1949-1952     55
Dwight D. Eisenhower, 1953-1956     68
Dwight D. Eisenhower, 1957-1960     81
John F. Kennedy and Lyndon B. Johnson, 1961-1964     95
Lyndon B. Johnson, 1965-1968     111
Richard M. Nixon, 1969-1972     127
Richard M. Nixon and Gerald R. Ford, 1973-1976     145
Jimmy Carter, 1977-1980     164
Ronald W. Reagan, 1981-1984     182
Ronald W. Reagan, 1985-1988     205
George H.W. Bush, 1989-1992     225
William J. Clinton, 1993-1996     247
William J. Clinton, 1997-2000     268
George W. Bush, 2001-2004     289
George W. Bush, 2005-2008     315
Conclusion     337
Appendices     355
Chapter Notes     379
Bibliography     387
Index     389
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  • Anonymous

    Posted May 21, 2008

    A reviewer

    If you like a walk through American history mixed in with an analysis of the nation's most fundamental economic problem -- out of control debt -- this is the book for you. Also, a great resource for your history-deprived kids.

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