Download White House Burning: The Founding Fathers, Our National by Simon Johnson, James Kwak PDF

By Simon Johnson, James Kwak

America is mired in debt—more than $30,000 for each guy, girl, and baby. sour struggling with over deficits, taxes, and spending bedevils Washington, D.C., at the same time partisan gridlock has introduced the govt to the threshold of default. but the extra politicians on either side of the aisle rant and the citizenry fumes, the extra issues appear to stay the same.
 
In White condo Burning, Simon Johnson and James Kwak—authors of the nationwide most sensible vendor 13 Bankers and cofounders of The Baseline Scenario, a greatly stated web publication on economics and public policy—demystify the nationwide debt, explaining whence it got here and, much more very important, what it ability to you and to destiny generations. They inform the tale of the Founding Fathers’ divisive struggles over taxes and spending. They chart the increase of the almighty buck, which makes it effortless for the us to borrow cash. They account for the debasement of our political approach within the Eighties and Nineteen Nineties, which produced today’s dysfunctional and impotent Congress. they usually express how, if we persist on our present direction, the nationwide debt will damage traditional americans through lowering the variety of jobs, decreasing residing criteria, expanding inequality, and forcing a unexpected and drastic relief within the govt providers we now take for granted.
 
But Johnson and Kwak additionally offer a transparent and compelling imaginative and prescient for a way our debt drawback could be solved whereas strengthening our financial system and holding the fundamental services of presidency. They debunk the parable that such an important courses as Social safety and Medicare has to be slashed to the bone. White condominium Burning looks squarely on the burgeoning nationwide debt and proposes to defuse its danger to our future health with out forcing suffering middle-class households and the aged into poverty.
 
Carefully researched and trained via an identical compelling storytelling and lucid research as 13 Bankers, White condo Burning is a useful advisor to the imperative political and monetary factor of our time. it really is sure to impress lively debate.

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By Simon Johnson, James Kwak

America is mired in debt—more than $30,000 for each guy, girl, and baby. sour struggling with over deficits, taxes, and spending bedevils Washington, D.C., at the same time partisan gridlock has introduced the govt to the threshold of default. but the extra politicians on either side of the aisle rant and the citizenry fumes, the extra issues appear to stay the same.
 
In White condo Burning, Simon Johnson and James Kwak—authors of the nationwide most sensible vendor 13 Bankers and cofounders of The Baseline Scenario, a greatly stated web publication on economics and public policy—demystify the nationwide debt, explaining whence it got here and, much more very important, what it ability to you and to destiny generations. They inform the tale of the Founding Fathers’ divisive struggles over taxes and spending. They chart the increase of the almighty buck, which makes it effortless for the us to borrow cash. They account for the debasement of our political approach within the Eighties and Nineteen Nineties, which produced today’s dysfunctional and impotent Congress. they usually express how, if we persist on our present direction, the nationwide debt will damage traditional americans through lowering the variety of jobs, decreasing residing criteria, expanding inequality, and forcing a unexpected and drastic relief within the govt providers we now take for granted.
 
But Johnson and Kwak additionally offer a transparent and compelling imaginative and prescient for a way our debt drawback could be solved whereas strengthening our financial system and holding the fundamental services of presidency. They debunk the parable that such an important courses as Social safety and Medicare has to be slashed to the bone. White condominium Burning looks squarely on the burgeoning nationwide debt and proposes to defuse its danger to our future health with out forcing suffering middle-class households and the aged into poverty.
 
Carefully researched and trained via an identical compelling storytelling and lucid research as 13 Bankers, White condo Burning is a useful advisor to the imperative political and monetary factor of our time. it really is sure to impress lively debate.

Show description

Read or Download White House Burning: The Founding Fathers, Our National Debt, and Why It Matters to You PDF

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White House Burning: The Founding Fathers, Our National Debt, and Why It Matters to You

America is mired in debt—more than $30,000 for each guy, girl, and baby. sour struggling with over deficits, taxes, and spending bedevils Washington, D. C. , while partisan gridlock has introduced the govt to the threshold of default. but the extra politicians on each side of the aisle rant and the citizenry fumes, the extra issues appear to stay the same.
 
In White condo Burning, Simon Johnson and James Kwak—authors of the nationwide top vendor thirteen Bankers and cofounders of The Baseline situation, a largely brought up web publication on economics and public policy—demystify the nationwide debt, explaining whence it got here and, much more very important, what it capability to you and to destiny generations. They inform the tale of the Founding Fathers’ divisive struggles over taxes and spending. They chart the increase of the almighty buck, which makes it effortless for the us to borrow cash. They account for the debasement of our political approach within the Nineteen Eighties and Nineteen Nineties, which produced today’s dysfunctional and impotent Congress. they usually exhibit how, if we persist on our present direction, the nationwide debt will damage traditional americans by way of decreasing the variety of jobs, reducing residing criteria, expanding inequality, and forcing a surprising and drastic aid within the executive providers we now take for granted.
 
But Johnson and Kwak additionally offer a transparent and compelling imaginative and prescient for the way our debt main issue might be solved whereas strengthening our financial system and keeping the basic features of presidency. They debunk the parable that such an important courses as Social protection and Medicare has to be slashed to the bone. White condo Burning appears squarely on the burgeoning nationwide debt and proposes to defuse its hazard to our overall healthiness with no forcing suffering middle-class households and the aged into poverty.
 
Carefully researched and expert by means of an analogous compelling storytelling and lucid research as thirteen Bankers, White apartment Burning is a useful consultant to the vital political and monetary factor of our time. it truly is bound to impress lively debate.

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Additional info for White House Burning: The Founding Fathers, Our National Debt, and Why It Matters to You

Sample text

In short, grass roots communications demonstrate to legislators that traceability has been established. Framing Issues and Influencing Opinions Changing how a vote is labeled or framed is also an effective way for lobbyists to influence legislators' calculations about the electoral consequences of their actions. In addition, winning the battle to define what a vote is about can influence legislative decisions by shaping the actual opinions of constituents and legislators. Most certainly, how an issue or roll call vote is debated is often a function of the environment or congressional rules.

In one of the more robust empirical findings in political science, we know that higher socioeconomic status - specifically, higher levels of education help citizens meet the nontrivial costs of participation and spur higher rates of political activity (Conway 1991; Milbrath and Goel 1977; Verba and Nie 1972; Verba, Schlozman, and Brady 1995a; Wolfinger and Rosenstone 1980). Yet increases in education levels alone cannot explain the rise in constituent communications to Congress that has apparently taken place over the past two decades.

In fact the identity of the citizen communicating to Congress is a major piece of information that is being communicated. Votes are also blunt instruments. They are constrained in their ability to convey precise information. No matter one's skills, everyone's ballot conveys the same type of information. Conversely, communications to Congress convey specific information about the attitudes of particular citizens on particular issues. Moreover, the value of the information conveyed in the contact is often a function of the skill and status of the individual crafting the communication.

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