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What is the national debt? Who loses from it? Who profits from it?
Why is it a greater threat to America than international terrorism?
In direct, non-partisan language, this book follows the money and
finds the answers. Conservative, Liberal, Republican, Democrat,
Libertarian, Socialist ...Each has a laundry list for America on
which the slow-motion cataclysm of unsustainable national debt is
but a lonely bullet point among dozens of others. Full Faith and
Credit zooms in on that point, liberates it from partisan programs
and political orientations, expands it, explores it, and explains
it. The book examines key dimensions of our national life--from a
military-industrial complex more menacing than even Eisenhower
could have imagined to a Tower of Babel tax code that covertly
translates taxes into secret subsidies. With the aim of converting
bystanders into informed advocates of change, Full Faith and Credit
is rich with eye-opening data, surprising case studies, and
you-can't-make-this-stuff-up examples: * For every official the
United States public has elected, its government supports 5000
unelected employees. * $1 billion is the cost to destroy $16
billion in ammunition unneeded by the U.S. military. *
$20,973,890,000 is the total taxpayer cost to the Treasury of
gambling losses deducted by millionaires. With easy-to-follow
graphs and charts, as well as 20 uproarious full-color editorial
cartoons drawn from the prior work of Pulitzer Prize--winning
artist Michael Ramirez, Full Faith and Credit locates the tipping
point of the $19.4 trillion (and counting) national debt crisis and
offers ideas on how to fix it.
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