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Christopher CaldwellWith precision and punch, Mr. Peterson's Running on Empty lays out why we are in a lousy position to dig ourselves out of this hole.
— The New York Times
"With precision and punch, Mr. Peterson...blames both parties for conniving against fiscal common sense, he puts the present administration in a class of its own....Mr. Peterson writes, 'This administration and the Republican Congress have presided over the biggest, most reckless deterioration of American’s finances in history.' Unfortunately, fixing the federal budget will require more than just cleaning up after the Bush administration, Mr. Peterson warns." —Christopher Caldwell, The New York Times
"Unusually clear and accessible, logically consistent, and highly convincing...It's a rare pleasure to see both political parties chastised equally." —Howard Marks, Los Angeles Times
"Lucid, powerful, and alarming...[By] the next presidential election (in 2008), the dire fiscal future that Peterson eloquently describes...will already have arrived." —Michael Mandelbaum, Newsday
"Unlike most analytic and policy-prescriptive books [Running on Empty] is lively and plainly written....[Peterson] is a certified establishmentarian. But he is also a Nebraska straight talker who calls ’em as he sees ’em....Persuasive...his 'Repent, for the end is near' warning is entirely appropriate." —Ted Van Dyk, The Washington Post
"Running on Empty far exceeds the sum of its statistics and predictions. For Peterson's book poses a central moral question: How much should America spend on the ‘past’—benefits for retirees—at the expense of the ‘future’—a growing economy for unborn generations?" —The New York Post
|Preface: Why This Book Now?||ix|
|Chapter 1||Bankrupt Parties, Bankrupt Nation||3|
|Chapter 2||Why Deficits Matter to You and Your Future||29|
|Chapter 3||The Challenge at Home: The Aging of America||56|
|Chapter 4||The Challenge Abroad: A Dangerous World||80|
|Chapter 5||How the Democrats Got us Into This Mess (with Republican Help)||107|
|Chapter 6||How the Republicans Got us Much Deeper (with Democratic Help)||130|
|Chapter 7||Ten Partisan Myths||147|
|Chapter 8||Why America is Choosing the Wrong Future||170|
|Chapter 9||How we Can Rebuild Our Future--and Our Politics||194|
|Chapter 10||A Letter to the Rising Generation||226|
|A Note on Sources||235|
Posted August 24, 2007
It is now three years since this book came out and I just happened upon it recently. Peterson gives a sober and realistic portrayal of lies before America in the not too distant future. I am not optimistic that America is listening. We are now a nation of special interest groups who scream 'bloody murder' when our entitlements or tax-cuts are threatened. When the day of reckoning comes none of that will matter. We fancy ourselves well informed and independent, but every election results in a politician who promise everything to everyone and believes none of what he or she says. Only when we stop electing optimists who tickle our ears will there be any hope for America. Mr. Peterson seems to think that will happen. I am not so sure. We have aborted much of the very generation we count on to pay for our retirement because having them around cramped our style. Does that make sense to anyone?Was this review helpful? Yes NoThank you for your feedback. Report this reviewThank you, this review has been flagged.
Posted December 22, 2005
Our political system is such that little long-term planning is performed and citizens are often left in the dark about issues until the issues become so significant that they have to be dealt with immediately. Peterson illustrates this marvelously in Running on Empty and makes an excellent case to change that behavior. As if the financial future of America did not look bleak enough with the outsourcing trend and an escalating trade deficit, the lack of any plan to address social security and medicare demonstrates irresponsible behavior by our elected officials (and us citizens who let them get away with it). Peterson's resume gives him great credibility and the book shows great use of the resources available to him. Most importantly, his data translation makes the issues clear to readers. Though the detail may be a bit heavy for average Joe citizen to completely understand, this should be required reading for most voters, especially social science students/graduates.Was this review helpful? Yes NoThank you for your feedback. Report this reviewThank you, this review has been flagged.
Posted July 27, 2005
Peter G. Peterson writes an excellent book about the economy, Wall street, President Bush, and how the neo- conservatives are pushing their policies for monetary reasons. However, Peterson does not invoke any assertions pertaining to a neo-conservative movement or have any PNAC contentions. It is very informative, especially for people who are not Wall Street savvy.Was this review helpful? Yes NoThank you for your feedback. Report this reviewThank you, this review has been flagged.
Posted October 25, 2004
This basic, common sense, practical and down-to-earth guide to leadership will delight anyone who has always wondered how to become a leader but never figured out how. Steve Farber, author of this treasury of leadership lore, is the leader who can help you find the leader within you. His parable is full of the kind of characters who delight storytellers, such as the affectionately-limned 22-year-old blonde in a bikini who approaches the author on a beach to ask what he thinks leadership is, or the Zen-like old, grizzled sage of leadership. These characters are designed to inspire you to believe that you, too, can be a leader, no matter how low your self-esteem. Moreover, Farber pushes business writing to the edge (in fact, one of his main characters is named Edg). He even manages to work in quotations from decadent, drunken, insane poet Charles Bukowski, author of such classics as Notes of a Dirty Old Man. Read this book and learn to follow the leader to leadership. It turns out that leadership is surprisingly easy once you know how to do it. We believe we are not giving away too much of the ending if we tell you that the author believes 'Love' is the final answer to the question, 'What is leadership?'Was this review helpful? Yes NoThank you for your feedback. Report this reviewThank you, this review has been flagged.
Posted August 24, 2004
Social Security and Medicare: increasing benefits. Homeland Security and Defense: increasing expenditures. Tax Cuts: reduced revenues and increasing deficits. These are real issues to focus on, instead of four months in Viet Nam 35 years ago. Mr. Peterson does an excellent job of laying out the problems and the fact that no solutions are on the horizon. He is more optimistic than I am and has some suggestions for reform that should be tried out. To me, the root of the problem is the fact that we are dependent on politicians to fix the mess they have done so much to create. Elected persons at the national level don't have the guts to tackle the entitlement programs even though the cost of future payouts will bankrupt succeeding generations. The disconnect between the people and their 'leaders' is a reason why so many young people are indifferent to what happens in Washington. Those who do pay attention, i.e., those who vote, are too old, too well off and too greedy. That is why it is called an entitlement, dummy. Cheney says Reagan proved that deficits don't matter. No honest person who reads this book will ever believe that again.Was this review helpful? Yes NoThank you for your feedback. Report this reviewThank you, this review has been flagged.
Posted August 12, 2004
¿Running On Empty¿ is an important non-partisan book about America and our fiscal, political and social problems. Many important solutions are recommended and detailed. I read a lot ... economics, business, markets, history, politics and anything else that interests me ... 265 books in the last 8 years. Peterson¿s book does not have a political agenda, motive or intent. It is not anti-Republican or anti-Democratic. It is a stinging and accurate study of our fiscal, political and social policy issues including social security, Medicare and taxes. It is all about Americans of today and future generations, including proposals for changes that need to be assessed and acted upon ... and soon. It is absolutely ¿must¿ reading in my opinion. It might be the most important book I have read in many years. It is very well written by someone with the perfect background and knowledge of the subjects. Peterson is a life long Republican who was Secretary of Commerce in the Nixon Administration and Chairman of the Federal Reserve Bank in New York. He is a brilliant, articulate, honest and fair writer.Was this review helpful? Yes NoThank you for your feedback. Report this reviewThank you, this review has been flagged.
Posted November 7, 2011
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Posted August 16, 2011
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