The US national debt nearly tripled between 1980 and 1988, having financed the illusion of prosperity by borrowing more than #20,000 on behalf of every family of four. Here the author lays out its origins and warns of its impact on individual Americans, as well as the national consequences to be faced as a debtor nation. It also offers a new policy course to stem, and in time partly reverse, the damage.
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The US national debt nearly tripled between 1980 and 1988, having financed the illusion of prosperity by borrowing more than #20,000 on behalf of every family of four. Here the author lays out its origins and warns of its impact on individual Americans, as well as the national consequences to be faced as a debtor nation. It also offers a new policy course to stem, and in time partly reverse, the damage.
Read Less