The National Debt of the United States, 1941 to 2008 (Paperback, 2nd Revised edition)

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.

General

Imprint:	McFarland & Company
Country of origin:	United States
Release date:	February 2008
First published:	2008
Authors:	Robert E. Kelly
Foreword by:	Nelson Benton
Dimensions:	229 x 153 x 23mm (L x W x T)
Format:	Paperback
Pages:	393
Edition:	2nd Revised edition
ISBN-13:	978-0-7864-3233-2
Categories:	Books > Social sciences > Politics & government > Public administration Books > Business & Economics > Finance & accounting > Finance > Public finance > General Books > Money & Finance > Public finance > General
LSN:	0-7864-3233-0
Barcode:	9780786432332

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