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America the Broke: How the Reckless Spending of the White House and Congress Are Bankrupting Our Country and Destroying Our Children's Future

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"One day soon, our government will suddenly run out of cash, unable to meet its payments, leaving the United States as bankrupt as any banana republic. We are far more vulnerable than most Americans realize. . . With a debt of $7.3 trillion, if interest rates were to hit the levels we saw 20 years ago, it would take every nickel collected in income taxes just to pay the interest on our existing debt. There would be no money left for defense, or homeland security, or education, or Social Security. This scenario is hardly ...

America the Broke: How the Reckless Spending of the White House and Congress Are Bankrupting Our Country and Destroying Our Children's Future 2004, Broadway Business, New York, NY

ISBN-13: 9780385513043

Hardcover

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