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Payment Due - A Nation In Debt, A Generation In Trouble (Paperback)
Loot Price: R1,194
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Payment Due - A Nation In Debt, A Generation In Trouble (Paperback)
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T he generational wars are about to begin: competing for
entitlements, wrestling over taxes, dancing around the deficit.
Today's children and grandchildren are tomorrow's taxpayers and
social fabric. The authors of Payment Due contend that our current
policies of federal overspending are setting those children up for
economic disaster. Former Representative Tim Penny (D-MN) knows how
volatile the politics of the situation are; he retired because he
couldn't locate in Congress at large the institutional will (or
stomach) to deal with the issues squarely. Political scientist
Steven Schier understands the way in which the politics work
against economics to solve the problem. Together, they take us
inside the Capitol corridors to show us the lobbying, arm-twisting,
and pork barrel politicking that goes on to derail policies
designed to reduce the federal deficit. We get to play the
"Washington Monument game" along with the worst of the offenders
and to see firsthand how three schools of deficit thought-the
wolves, pussycats, and termites-approach the prospect of cutting
back federal outlays and weaning the great middle class from its
own welfare dependency. A hallmark of the book is its three-tiered
set of long-term entitlement reform proposals, complete with
careful documentation of the contribution each recommended item
makes toward reducing the federal deficit (or at least slowing its
increase). Along with suggested short-term plans, these proposals
give students the opportunity to try to solve both short- and
long-term problems. Students will appreciate the timeliness and
relevance of the book's argument to their generation's future
plight, and all readers will benefit from the clear presentation of
complex economic concepts and arguments essential to understanding
the federal deficit debate-and to confronting the political,
social, and moral payments now coming due.
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