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A Citizen's Guide to Deficits and Debt - The Politics of Taxing, Spending, and Borrowing (Hardcover, New)
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A Citizen's Guide to Deficits and Debt - The Politics of Taxing, Spending, and Borrowing (Hardcover, New)
Series: Citizen Guides to Politics and Public Affairs
Expected to ship within 12 - 19 working days
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America is currently involved in one of the worst economic crises
of modern times. As alarm increases over how the government will
balance the budget, handle the debt, and maintain prosperity for
the future, the minutia of debts and deficits remains
incomprehensible to many. Why is it so hard to find ways to resolve
the fiscal crisis? This brief and intelligible book is a guide to
understanding both the difficulties involved in managing the
federal budget and why the on-going fiscal crisis is so significant
for America's future. In order to introduce the reader to the basic
composition of federal spending and to the ways that the government
raises revenue, Hudson begins his guide with a "map" clarifying how
to navigate the federal budget. He defines basic financial
vocabulary and outlines concepts by using clear charts and diagrams
that both provide basis for discussion and illustrate key points.
With this budget map in mind, the second part of the book lays out
how the partisan divide in America helps explain the fiscal crisis.
Hudson analyzes the debate on the extent of the fiscal crisis, the
ways that political parties have tried to solve it, and the
political events and institutions that have surrounded the crisis.
This citizen's guide reveals how differing views of America inform
the arguments over deficits and debt. By the time readers finish
the book, they will understand that the conflict over deficits and
debt is not simply about where to cut or add spending, but instead
is a struggle over national priorities and visions for the future.
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