Reader Ratings: 65
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America is mired in debt-more than $30,000 for every man, woman, and child. Bitter fighting over deficits, taxes, and spending bedevils Washington, D.C., even as partisan gridlock has brought the government to the brink of default. Yet the more politicians on both sides of the aisle rant and the citizenry fumes, the more things seem to remain the same. In White House Burning, Simon Johnson and James Kwak-authors of the national best seller 13 Bankers and... more
Johnson and Kwak thankfully dispel the widespread notion that a national debt totaling trillions of dollars means the government is too big.
Full ReviewMyself, I take umbrage at their interpretation of the American past.
Full ReviewThe authors are especially strong in their demonstration of the fallacy of likening government debt to the debt of an individual family.
Full ReviewWhite House Burning misdirects our attention to public debts and continues to promote an antiquated conception of how money and government work.
Full ReviewThere are many terrific things in the book "White House Burning" and I can honestly say reading it was a labor of love.
Full ReviewWhite House Burning is a thorough, scholarly account of how the country got into this predicament and how it can dig its way out.
Full Review. . .readers will agree that government should stop heaping debt upon debt. They may be less enthusiastic when Johnson and Kwak propose to increase Medicare premiums, introduce a value-added tax and phase out the mortgage-interest deduction.
Full ReviewSo is there any solution? To their credit, Johnson and Kwak attempt to offer one. . .
Full ReviewWhite House Burning is an excellent explication of how sheer ignorance of history (not to mention economics) can lead to policy prescriptions sure to lead to disaster.
Full ReviewBut incurring debt is easier than reducing the debt. And here, authors Johnson and Kwak nail the big issue of the day.
Full Review. . .so sensible, thoroughly researched and non ideological that its ideas are worth sharing.
Full ReviewCarefully researched. . .White House Burning is an invaluable guide to the central political and economic issue of our time.
Full ReviewPerhaps more importantly, their chain of causation can lead to false conclusions.
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