The National Debt of the United States, 1941 to 2008, 2d ed.
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.

1136713080
The National Debt of the United States, 1941 to 2008, 2d ed.
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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The National Debt of the United States, 1941 to 2008, 2d ed.

The National Debt of the United States, 1941 to 2008, 2d ed.

by Robert E. Kelly
The National Debt of the United States, 1941 to 2008, 2d ed.

The National Debt of the United States, 1941 to 2008, 2d ed.

by Robert E. Kelly

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.

Product Details

ISBN-13: 9780786432332
Publisher: McFarland & Company, Inc., Publishers
Publication date: 03/05/2008
Edition description: 2nd ed.
Pages: 393
Product dimensions: 6.00(w) x 9.00(h) x 0.79(d)
Age Range: 18 Years

About 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.

Table of Contents

Table of Contents

Acknowledgments     
Foreword by Nelson K. Benton     
Introduction     

1. Background 1789–1940     
2. Franklin D. Roosevelt, 1941–1944     
3. Franklin D. Roosevelt and Harry S Truman, 1945–1948     
4. Harry S Truman, 1949–1952     
5. Dwight D. Eisenhower, 1953–1956     
6. Dwight D. Eisenhower, 1957–1960     
7. John F. Kennedy and Lyndon B. Johnson, 1961–1964     
8. Lyndon B. Johnson, 1965–1968     
9. Richard M. Nixon, 1969–1972     
10. Richard M. Nixon and Gerald R. Ford, 1973–1976     
11. Jimmy Carter, 1977–1980     
12. Ronald W. Reagan, 1981–1984     
13. Ronald W. Reagan, 1985–1988     
14. George H.W. Bush, 1989–1992     
15. William J. Clinton, 1993–1996     
16. William J. Clinton, 1997–2000     
17. George W. Bush, 2001–2004     
18. George W. Bush, 2005–2008     

Conclusion     
Appendices     
Chapter Notes     
Bibliography     
Index     
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