Bankrupty 1995: The Coming Collapse of America and how to Stop it
In 1995, during the term of the president we elect now, our United States, for all practical purposes, will have spent itself into bankruptcy. This year, interest on the national debt is likely to become the largest item in the federal budget, topping the enormous Pentagon and Social Security budgets. In a few short years, the government will have to spend more to make its interest payments than it will collect in taxes, and in that year America will enter an age of financial disaster that will dwarf the Great Depression and hail the end of the United States as we now know it. This timely book, by cost-reduction expert, industrialist, and entrepreneur Harry E. Figgie, Jr., explains, in plain English and as no book has done before, exactly how we got into this disgraceful mess through the failure of our timid political leaders to act with courage and resolve, how there is no escape from economic ruin for our great nation without immediate and drastic change, and what national bankruptcy will mean for every one of us, rich or poor. Most important, it provides us with a detailed plan of action, a way out of these dire straits, if we can summon the will to act now, and to force our leaders to act. Bankruptcy 1995 is a vital call to arms at a moment of great crisis for our nation.
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LibraryThing ReviewUser Review - keylawk - LibraryThing
This book was written on the eve of the election which resulted in President Clinton succeeding President Bush (the first). In 1993, the authors predicted that the US would have to default on its debt ... Read full review
Bankruptcy 1995: the coming collapse of America and how to stop itUser Review - Not Available - Book Verdict
Unlike David P. Calleo's more scholarly and philosophical approach to the national debt in his recent The Bankrupting of America ( LJ 4/1/92), this book is designed to frighten its readers into action ... Read full review