On Borrowed Time

Overview

Entitlements represent one of the largest and fastest-growing portions of the federal budget. They are regarded as sacrosanct by lawmakers, yet many people see them as one of the greatest threats to the American Dream. T

his volume argues that by sacrificing the future in order to pay ever-larger federal benefits through programs such as Social Security, Medicare, and federal pensions, entitlement spending has become a crushing burden to American workers. Peterson and Howe ...

See more details below
Paperback
$34.72
BN.com price
(Save 3%)$35.95 List Price
Other sellers (Paperback)
  • All (8) from $4.34   
  • New (5) from $12.10   
  • Used (3) from $4.34   
Sending request ...

Overview

Entitlements represent one of the largest and fastest-growing portions of the federal budget. They are regarded as sacrosanct by lawmakers, yet many people see them as one of the greatest threats to the American Dream. T

his volume argues that by sacrificing the future in order to pay ever-larger federal benefits through programs such as Social Security, Medicare, and federal pensions, entitlement spending has become a crushing burden to American workers. Peterson and Howe destroy myths surrounding entitlement spending. They show that the bulk of it does not go to the poor. The majority of the elderly are not needy and dependent. Entitlement programs, not defense spending, consume the largest share of the federal budget. In short, we cannot balance the budget without reducing entitlement spending. In a country that demands critical investments--improving public education, alleviating poverty, increasing professional opportunity--growth in entitlement spending is unaffordable.

On Borrowed Time is an important and timely book that will be mandatory reading for policymakers, politicians, economists, and a general public concerned with its financial future.

The former Secretary of Commerce and a leading public policy expert offer a brilliant examination of the path to preventing national bankruptcy.

Read More Show Less

Editorial Reviews

From the Publisher

"This book should be read by everyone who wants to understand how government spending can be controlled."

—Martin Feldstein, George F. Baker Professor of Economics, Harvard University

"A powerful analyses and policy prescriptions which will challenge every thoughtful person coping with the dilemma of providing humane, but cost effective, entitlements."

—Michael J. Boskin, Professor of Economics, Stanford University

Read More Show Less

Product Details

  • ISBN-13: 9780765805751
  • Publisher: Transaction Publishers
  • Publication date: 5/1/2004
  • Pages: 446
  • Product dimensions: 6.00 (w) x 9.00 (h) x 0.90 (d)

Meet the Author

Peter G. Peterson is chairman and co-founder of The Blackstone Group. He is chairman of the Federal Reserve Bank of New York, chairman of the Council on Foreign Relations, founding chairman of the Institute for International Economics (Washington, D.C.), founding president of The Concord Coalition, and co-chair of The Conference Board Commission on Public Trust and Private Enterprises.

Neil Howe is a partner and co-founder of LifeCourse Associates, a Virginia-based consulting firm and senior associate at the Center for Strategic and International Studies. A historian, economist, author, and speaker, he is the co-author (with William Strauss) of several books, including Generations, The Fourth Turning, and Millennials Rising.

Peter G. Peterson is chairman and co-founder of The Blackstone Group. He is chairman of the Federal Reserve Bank of New York, chairman of the Council on Foreign Relations, founding chairman of the Institute for International Economics (Washington, D.C.), founding president of The Concord Coalition, and co-chair of The Conference Board Commission on Public Trust and Private Enterprises.

Neil Howe is a partner and co-founder of LifeCourse Associates, a Virginia-based consulting firm and senior associate at the Center for Strategic and International Studies. A historian, economist, author, and speaker, he is the co-author (with William Strauss) of several books, including Generations, The Fourth Turning, and Millennials Rising.

Read More Show Less

Table of Contents

Introduction 1
Ch. 1 The imperiled American dream 37
Ch. 2 The myths of entitlements 77
Ch. 3 A fiscal nightmare 129
Ch. 4 Driving the projections : an aging society 153
Ch. 5 Driving the projections : health-care hyperinflation 189
Ch. 6 Driving the projections : indexing 235
Ch. 7 Social security : the end of the chain letter 259
Ch. 8 The federal pension bonanza 305
Ch. 9 Health-care policy : facing the painful trade-offs 337
Ch. 10 The failure of the libertarian welfare state 387
Read More Show Less

Customer Reviews

Be the first to write a review
( 0 )
Rating Distribution

5 Star

(0)

4 Star

(0)

3 Star

(0)

2 Star

(0)

1 Star

(0)

Your Rating:

Your Name: Create a Pen Name or

Barnes & Noble.com Review Rules

Our reader reviews allow you to share your comments on titles you liked, or didn't, with others. By submitting an online review, you are representing to Barnes & Noble.com that all information contained in your review is original and accurate in all respects, and that the submission of such content by you and the posting of such content by Barnes & Noble.com does not and will not violate the rights of any third party. Please follow the rules below to help ensure that your review can be posted.

Reviews by Our Customers Under the Age of 13

We highly value and respect everyone's opinion concerning the titles we offer. However, we cannot allow persons under the age of 13 to have accounts at BN.com or to post customer reviews. Please see our Terms of Use for more details.

What to exclude from your review:

Please do not write about reviews, commentary, or information posted on the product page. If you see any errors in the information on the product page, please send us an email.

Reviews should not contain any of the following:

  • - HTML tags, profanity, obscenities, vulgarities, or comments that defame anyone
  • - Time-sensitive information such as tour dates, signings, lectures, etc.
  • - Single-word reviews. Other people will read your review to discover why you liked or didn't like the title. Be descriptive.
  • - Comments focusing on the author or that may ruin the ending for others
  • - Phone numbers, addresses, URLs
  • - Pricing and availability information or alternative ordering information
  • - Advertisements or commercial solicitation

Reminder:

  • - By submitting a review, you grant to Barnes & Noble.com and its sublicensees the royalty-free, perpetual, irrevocable right and license to use the review in accordance with the Barnes & Noble.com Terms of Use.
  • - Barnes & Noble.com reserves the right not to post any review -- particularly those that do not follow the terms and conditions of these Rules. Barnes & Noble.com also reserves the right to remove any review at any time without notice.
  • - See Terms of Use for other conditions and disclaimers.
Search for Products You'd Like to Recommend

Recommend other products that relate to your review. Just search for them below and share!

Create a Pen Name

Your Pen Name is your unique identity on BN.com. It will appear on the reviews you write and other website activities. Your Pen Name cannot be edited, changed or deleted once submitted.

 
Your Pen Name can be any combination of alphanumeric characters (plus - and _), and must be at least two characters long.

Continue Anonymously

    If you find inappropriate content, please report it to Barnes & Noble
    Why is this product inappropriate?
    Comments (optional)