running on empty how the democratic and republican parties are bankrupting our future and what americans can do about it

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Running On Empty

Author : Peter G. Peterson
ISBN : 0374704910
Genre : Political Science
File Size : 90. 59 MB
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When Bush came to office in 2001, the 10-year budget balance was officially projected to be at a surplus of $5.6 trillion. But after three big tax cuts, the bursting of the stock-market bubble, and the devastating effects of 9/11on the economy, the surplus has evaporated, and the deficit is expected to grow to $ 5-trillion over the next decade. The domestic deficit is only the half of it. Given our $500 billion trade deficit and our anemic savings rate, we depend on an unprecedented $2 billion of foreign capital every working day. If foreign confidence were to wane, this could lead to the dreaded hard landing. Peter G. Peterson--a lifelong Republican, chairman of the Blackstone Group, and former secretary of commerce under Nixon--shatters the myths with hard facts and a harrowing view of the twin deficit's real impact. Republicans and Democrats alike have mortgaged America's future through reckless tax cuts, out-of-control spending and Enron-style accounting in Congress. And the situation will only get worse as the Baby Boom generation begins to retire, making unprecedented demands on entitlement programs like Social Security and Medicare. Despite what Bush says, we are on a path that could end in economic meltdown, and we simply cannot grow out of the deficit. In Running On Empty, Peterson sounds the warning bell and prescribes a set of detailed solutions which, if implemented early, will prevent the need for draconian measures later. He takes us behind the politicians' smoke-and-mirror games, and forcefully explains what we must do to rescue the future of our country.

Typisch Amerikanisch

Author : Hans-Dieter Gelfert
ISBN : 3406494064
Genre : National characteristics, American
File Size : 31. 77 MB
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Summary Running On Empty

Author : BusinessNews Publishing
ISBN : 9782511001578
Genre : Business & Economics
File Size : 34. 67 MB
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The must-read summary of Peter G. Peterson's book: “Running on Empty: How the Democratic and Republican Parties Are Bankrupting Our Future and What Americans Can Do About It”. This complete summary of "Running on Empty" by Peter G. Peterson, an American businessman and investment banker, presents his argument that runaway deficits have an impact on our economic future and offers solutions to the American government as to how to ensure our children's economic future. Added-value of this summary: • Save time • Understand the deterioration of American finances in the run-up to the 2008 financial crisis • Expand your knowledge of American politics and economics To learn more, read "Running on Empty" and discover the factors that contributed to one of the worst financial crises America has ever seen.

Entries Und Exits

Author : Alexander Elder
ISBN : 3898792862
Genre :
File Size : 34. 84 MB
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The Education Of An American Dreamer

Author : Peter G. Peterson
ISBN : 9780446561822
Genre : Biography & Autobiography
File Size : 56. 38 MB
Format : PDF
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With insight and refreshing candor, Peter G. Peterson describes his remarkable life story beginning in Kearney, Nebraska as an eight-year-old manning the cash register at his father's Greek diner through his "Mad Men" advertising days, to Secretary of Commerce in Nixon's paranoid White House, to the tumultuous days of Lehman Brothers, and to the creation of The Blackstone Group, one of the great financial enterprises in recent times. In THE EDUCATION OF AN AMERICAN DREAMER, Peterson chronicles the progress of this journey with irony, humor and, sometimes, painful honesty. Within these pages are stories of marriage and family hardship; lessons in political gamesmanship; thoughts on his obsessive desire to succeed; and, finally, learning the meaning of "enough." From his advertising days in Chicago in the 1950's to becoming the youngest CEO of a Fortune 300 Company, he shares with us his rise to the top and the price paid along the way. As the youngest Cabinet member in the Nixon administration, he describes his survival techniques in a hubris-driven and paranoid White House, including his turbulent turf wars with Treasury Secretary John Connally leading to Peterson's abrupt and highly publicized firing. His stewardship of Lehman Brothers is a Shakespearian tale of a CEO who struggled to deal with partners who were plotting his demise and, at the same time, turning an institution on the brink of bankruptcy to one with 5 straight years of record profits. His life's story is about doing well by doing good. In the wake of Blackstone's highly successful public offering, Peterson found himself an 80-year old instant billionaire, on the verge of retirement. And like many lifetime workers and over-achievers, he suddenly confronts an unexpected, depressing identity crisis. His solution? Committing a great bulk of his net proceeds to establish the Peter G. Peterson Foundation, his philanthropic endeavor to do something about America's politically untouchable challenges that threaten America's future, among them massive entitlement obligations, ballooning health care costs, and our energy gluttony. Ultimately, this is a man's account of his legendary successes, humiliating failures, and personal tragedies - a testament to a remarkable life and, indeed, to the American Dream itself.


Author :
ISBN : UCSD:31822034001529
Genre : Business
File Size : 43. 86 MB
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Author : John R. Talbott
ISBN : 0470466936
Genre : Business & Economics
File Size : 59. 58 MB
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Bestselling author John Talbott outlines the troublesome economic times ahead and what can be done about them Tough times are here, and author John Talbott-who accurately predicted the technology stock collapse as well as the recent housing, mortgage, and financial crises-argues that the coming global recession will be unlike anything we've ever seen. In Contagion, Talbott turns his attention to this crisis and offers insights on what can be done to navigate such treacherous terrain. Talbott sets the stage by discussing how government borrowing and spending on the war, healthcare, Social Security, and corporate giveaways combined with dramatic increases in personal spending, fueled by credit card and mortgage debt, have funded unsustainable levels of personal and government consumption. Offers practical suggestions as to how investors and homeowners can best weather this storm with straightforward advice on where to invest Examines real estate and housing issues to help you make the best decisions possible in this arena Details the best ways to utilize stocks, bonds, TIPS, and commodities, and to prosper during this global crisis If you really want to protect yourself from the unfolding economic crisis, then Contagion is the book you need to read.

Assessing America S War On Terror

Author : Ashley J. Tellis
ISBN : UCSD:31822032284358
Genre : United States
File Size : 23. 25 MB
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The Economist

Author :
ISBN : IND:30000092809023
Genre : Commerce
File Size : 46. 45 MB
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Cq Weekly

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ISBN : STANFORD:36105111053968
Genre : United States
File Size : 46. 65 MB
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CQ Weekly provides resources on non-partisan information on Capitol Hill. The Web version includes access to the full text of all articles published since 1983. In addition, some articles are available prior to when they appear in print.

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