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Fiscal Therapy - Curing America's Debt Addiction and Investing in the Future (Hardcover)
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Fiscal Therapy - Curing America's Debt Addiction and Investing in the Future (Hardcover)
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Fiscal Therapy shows how to make America's economy stronger and
fairer by meeting long-term budget challenges while also addressing
its short-term need for more investment and better social policy.
America is facing a double-edged sword of budget challenges. In the
coming decades, rising public debt will hurt our economy, threaten
our global leadership, and reduce the living standards of our
people. It will require tax increases and spending cuts to bring
about a sustainable outcome. At the same time, however, America has
pressing needs - from improving our schools and making child care
more available to rebuilding our infrastructure and investing more
in scientific research - all of which require upfront investments
right now. In Fiscal Therapy, William Gale diagnoses these two set
of challenges and explains why we must address them simultaneously.
Fiscal Therapy shows that we can address our long-term budget
challenges in ways that also help us meet our short-term needs, and
we can do so without radically transforming our current
institutions and existing programs. Gale draws lessons from the
nation's history; takes guidance from the experiences of other
advanced nations; reconciles the twin demands of economic growth
and social fairness; and addresses the obstacles that America's
poisonous politics and fickle public opinion present. Fiscal
Therapy provides a clear, comprehensive, and optimistic approach
around which liberals and conservatives can rally. One that will
leave the United States a stronger, more prosperous, and fairer
nation.
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