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Fiscal Therapy: Curing America's Debt Addiction and Investing in the Future

Product ID : 39850890


Galleon Product ID 39850890
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About Fiscal Therapy: Curing America's Debt Addiction And

Product Description Keeping the economy strong will require addressing two distinct but related problems. Steadily rising federal debt makes it harder to grow our economy, boost our living standards, respond to wars or recessions, address social needs, and maintain our role as a global leader. At the same time, we have let critical investments lag and left many people behind even as overall prosperity has grown. In Fiscal Therapy, William Gale, a leading authority on how federal tax and budget policy affects the economy, provides a trenchant discussion of the challenges posed by the imbalances between spending and revenue. America is facing a gradual decline as debt accumulates and delay raises the costs of action. But there is hope: fiscal responsibility aligns with both conservative and liberal goals and citizens of all stripes can support the notion of making life better for our children and grandchildren.Gale provides a plan to make the economy and nation stronger, one that controls entitlement spending but preserves and enhances their anti-poverty and social insurance roles, increases public investments on human and physical capital, and raises and reforms taxes to pay for government services in a fair and efficient way. What is needed, he argues, is to balance today's needs against tomorrow's obligations.We face significant fiscal challenges but, if we are wise enough to seize our opportunities, we can strengthen our economy, increase opportunity, reduce inequality, and build better lives for our children and grandchildren. We do not have to kill popular programs or starve government. Indeed, one main goal of fiscal reform is to maintain the vital functions that government provides. We need to act responsibly, pay for the government we want, and shape that government in ways that serve us best. Review "Dealing with fiscal deficits and government debt is important, but the discussion is so discomforting that it risks turning people off. Fortunately, Gale does a better job than I did, and he kept me engaged until the endâGale does a great job of laying out what's likely to happen if we allow deficits and debt to grow on their current paths." -- Robert C. Fry, Jr, Business Economics "Bill Gale provides a thoughtful and balanced assessment of America's fiscal challenges and what we can do about them." --Ben Bernanke, former Chairman, Board of Governors of the Federal Reserve System; President, American Economic Association"Bill Gale, one of DC's most respected minds on public policy, takes on one of its biggest challenges - putting our fiscal house in order. Our nation's leaders would benefit from reading his analysis and ideas." --Mark R. Warner, Unit ed States Senator for the Commonwealth of Virginia"Bill Gale's tour de force draws on his decades of research and engagement with public policy to prescribe the fiscal therapy America needs so badly. Gale offers compelling solutions that draw on a wide range of economic research but never lose sight of the ultimate goal of building an economy that is stronger, more resilient, and more fair." --Jason Fu rman, former Chairman, Council of Economic Advisers; Professor of Practice, Harvard Kennedy School."Fiscal reform is essential to generate strong growth and widespread economic well-being. Bill Gale, one of the country's most respected and thoughtful experts on fiscal matters, provides an excellent and highly readable primer on the challenges we face." --Robert E. Rubin, former Secretary of the Treasury"If you think America can't control its exploding national debt while enhancing shared prosperity, read this book. When politicians are ready to stop fighting and start developing pragmatic policies, Gale has given them a great menu." --Al ice M. Rivlin, former Director of the Office of Management and Budget and the Congressional Budget Office"Everyone interested in understanding the most important issue affecting America's economic future should read Bill Gale's Fi