The National Debt: A Primer and A Plan

ISBN: 1614347093

Author: Christy, George C.

Condition: New

The National Debt: A Primer and A Plan enables American voters to see through the Washington doubletalk about the federal deficits and the national debt. Less than a two hour read, The National Debt uses a Q&A format and 35 original charts and tables to provide clear answers to the key questions ignored by politicians and the media. After a short overview of the federal government's financial condition, The National Debt explains the flaws in the debt/GDP ratio and the significant risks inherent in the interest payments on the national debt. The book analyzes the options available to the Fed and the Treasury Department when today's record national debt balance combines with tomorrow's normal interest rates. The author's budget reform proposal is compared to the Bowles-Simpson plan and the CBO baseline budget. Finally, the author suggests how American voters can hold our elected representatives accountable for sound fiscal management.