“Neutering the National Debt” is a refreshingly different perspective on deficits, the national debt, and economic growth. The author uses clear language and practical examples from our everyday lives to shed a surprising new light on these topics. For example, his “nuclear war brain teaser” quickly reveals the dangerous paradox built into the idea of a balanced budget amendment. And that’s just one example of the author’s frontal assault on conventional wisdom; these pages hold many additional surprises. His argument should jolt all of us into rethinking many topics we had thought were settled, such as: the Reagan-era deficits; the Clinton-era surpluses; the “debt ceiling”; the supposed wisdom of “paying down the debt”; what he calls “the fairy tale of trickle-down economics”; and other talking points high on both parties’ political agendas. He explains how the USA has neutralized the perceived problems of deficits and debt in the past, and how we could do it again. In the final chapter he bluntly suggests how the Republicans and the Democrats could adjust their respective agendas in order to neutralize the national debt and clear the path to prosperity, then he finishes with his estimate of each party’s chances of pulling it off. As CNBC’s Larry Kudlow said, Steve sheds a brand new light on this subject, and shows that economic growth solves debt. This book is a must read for anyone who wants a new perspective on these topics; it’s a welcome escape from the tired, worn-out talking points we’ve been hearing from both parties for too long.
The national debt has been a political football and like most Conservatives I was convinced that it must be … I heard about this book from a friend and purchased the print version from Amazon.During my 40 years as a manager in the business world I read hundreds of “business books” but realized in the year of my retirement (2008), coinciding with the “Financial Crisis”, that though I knew really well why businesses succeed or fail I was generally clueless about what drove the swings in the overall economy. With my retirement package basically in cash I realized that my future…
This plain-talk book has changed my mind in a big way. Wow. I’ve been an entrepreneur for forty years, and for at least the last twenty or thirty I thought I had national politics around spending, deficits, and debt all figured out. After reading this book, I’m very happy to say I was wrong.This plain-talk book has changed my mind in a big way. I can directly relate to everything in it. Not only do I have personal experience that the right kind of debt can make future generations more prosperous, I now see that it can happen, and has…
An enjoyable easy read that takes the complex and makes it simple 0