The National Debt of the United States, 1941 to 2008, 2d ed.


Book Description

America's debt is in the trillions--and yet, like those who worry about borrowing five dollars but not about their unaffordable mortgage, Americans fail to pay attention to this serious situation. The press hovers over annual budgets and the associated deficits (and rare surpluses), but pays little attention to the national debt and even less to the interest spent serving it. Federal politicians seem as powerless to control the debt as they are uninformed about its nature. After tracing fluctuations in the finances of the country from its beginning until 1940, this book examines the administrations of the next 12 presidents (FDR through George W. Bush) and the annual budget deficits and interest expenses that fed the national debt. The startup debt of each administration is shown; then the change in debt through the end of the administration is analyzed to show what areas of government incurred overspending and how much was overspent. Also included are brief biographies of each president, and discussions of foreign and domestic situations, including judicial decisions and sociological changes, that affected fiscal policies and fueled the urge to overspend.




Broke


Book Description

Briefly surveys more than two centures of American political history to describe how the country has been broken spiritually, politically and financially and advocates a return to core values to restore America's economic and spiritual health.




Neck and Neck to the White House


Book Description

Close presidential elections in the United States are measured, evaluated and remembered primarily by simple statistics. One can easily find out, for example, how many states in the electoral college were won by each presidential candidate, and by how much. But to stop there is to miss the most dramatic parts of the political contests. Why were the votes so close? What issues split the electorate? Was it the behavior or the reputation of the candidates? This book answers these questions and more, identifying and examining 12 of the closest elections, from the 1796 battle between John Adams and Thomas Jefferson to the contested 2000 election between George W. Bush and Al Gore.




Baseball's Offensive Greats of the Deadball Era


Book Description

Ty Cobb, Nap Lajoie, and Honus Wagner were among the greatest hitters who ever played major league baseball, but how do they stack up against players of other eras and each other? This book employs a statistical analysis of "production per at-bat" to compare 120 top batters by position over a 19-year period when contact, speed and hit-and-run strategy were more valuable than power and home runs. Included are an analysis of each player's strengths and weaknesses, rankings of the most talented and the most valuable producers, and the selection of an All-Star team for the era.




Landmark Legislation 1774-2022


Book Description

Landmark Legislation 1774-2022, Third Edition is a comprehensive guide to important laws and treaties enacted by the U.S. Congress. This updated edition includes landmark legislation from the last five Congresses (2013-2022) on issues like climate change, criminal justice, education, and more. It features carefully selected acts and treaties with historical significance and has an updated index and bibliography for easy access. A must-have for public and academic libraries with American history or political science collections.




Speaker Jim Wright


Book Description

Jim Wright made his mark on virtually every major public policy issue in the later twentieth century—energy, education, taxes, transportation, environmental protection, civil rights, criminal justice, and foreign relations, among them. He played a significant role in peace initiatives in Central America and in the Camp David Accords, and he was the first American politician to speak live on Soviet television. A Democrat representing Texas’s twelfth district (Fort Worth), Wright served in the US House of Representatives from the Eisenhower administration to the presidency of George H. W. Bush, including twelve years (1977–1989) as majority leader and speaker. His long congressional ascension and sudden fall in a highly partisan ethics scandal spearheaded by Newt Gingrich mirrored the evolution of Congress as an institution. Speaker Jim Wright traces the congressman’s long life and career in a highly readable narrative grounded in extensive interviews with Wright and access to his personal diaries. A skilled connector who bridged the conservative and liberal wings of the Democratic party while forging alliances with Republicans to pass legislation, Wright ultimately fell victim to a new era of political infighting, as well as to his own hubris and mistakes. J. Brooks Flippen shows how Wright’s career shaped the political culture of Congress, from its internal rules and power structure to its growing partisanship, even as those new dynamics eventually contributed to his political demise. To understand Jim Wright in all his complexity is to understand the story of modern American politics.




Founding Choices


Book Description

Papers of the National Bureau of Economic Research conference held at Dartmouth College on May 8-9, 2009.




Deficit Politics in the United States


Book Description

From the clashes between Federalists and Republicans in the 1790s until today, partisan battles over taxing, spending, and public debt have shaped American political development. These battles were formerly constrained by fiscal norms that mandated balanced budgets and low debt. In his Farewell Address, President George Washington counseled the nation to "cherish public credit" by using "it as sparingly as possible". In the 1980s, however, tax cuts and spending increases created large structural deficits and much higher debt levels. With only a brief interruption in the late 1990s, deficit politics has been a mainstay ever since. Over this period, the Republican Party has passed large tax cuts but failed to retrench the large entitlement programs that continue to raise spending. Likewise, the Democratic Party has expanded the domestic role of government but has abandoned the broad-based taxation it supported in the 1990s. Funding their domestic agenda with matching revenues is now as unappealing for Democrats as entitlement cutbacks are for Republicans, contributing to the current stalemate of Republican tax policy, Democratic spending policy, and soaring deficits and debt. The economic risks this entails are serious, yet an end to the era of deficit politics is nowhere in sight.




Choice


Book Description




A Hercules in the Cradle


Book Description

Two and a half centuries after the American Revolution the United States stands as one of the greatest powers on earth and the undoubted leader of the western hemisphere. This stupendous evolution was far from a foregone conclusion at independence. The conquest of the North American continent required violence, suffering, and bloodshed. It also required the creation of a national government strong enough to go to war against, and acquire territory from, its North American rivals. In A Hercules in the Cradle, Max M. Edling argues that the federal government’s abilities to tax and to borrow money, developed in the early years of the republic, were critical to the young nation’s ability to wage war and expand its territory. He traces the growth of this capacity from the time of the founding to the aftermath of the Civil War, including the funding of the War of 1812 and the Mexican War. Edling maintains that the Founding Fathers clearly understood the connection between public finance and power: a well-managed public debt was a key part of every modern state. Creating a debt would always be a delicate and contentious matter in the American context, however, and statesmen of all persuasions tried to pay down the national debt in times of peace. A Hercules in the Cradle explores the origin and evolution of American public finance and shows how the nation’s rise to great-power status in the nineteenth century rested on its ability to go into debt.