To Save America: How to Prevent Our Coming Federal Bankruptcy

Martin L. Buchanan
193 pages (August 2007); 1.2MB download
Martin L. Buchanan; ISBN: 978-1-4196-7330-6

DESCRIPTION

Our federal government is going broke, with fifty trillion dollars in unfunded liabilities. If you rely on government benefits or contracts, count on Social Security or Medicare, pay taxes, vote, or invest in the USA, then you need to understand the federal budget crisis, the dominant issue in American politics for the next two decades. Buchanan explains the crisis and how the Baby Boomers will bust the budget when they retire, leading to trillion dollar deficits within a dozen years. Buchanan then lays out a detailed and principled plan for completely solving our budget crisis: cutting federal spending, reforming major entitlements, paying off federal debt held by the public, and making fiscal discipline permanent. Buchanan set out to write a book for the layperson and succeeded, keeping the main text to a dozen short chapters.

"An exciting, doable plan for fixing our massive federal budget crisis without increasing taxes."-Steve Buckstein, founder, Cascade Policy Institute