Payment Due: A Nation in Debt, a Generation in Trouble by Timothy J. Penny, Steve Schier (Paperback, 1996)
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- DescriptionThe generational wars are about to begin: competing for entitlements, wrestling over taxes, dancing around the deficit. Today's children and grandchildren are tomorrow's taxpayers and social fabric. The authors of Payment Due contend that we are setting those children up for ecomic disaster.Former Representative Tim Penny (D--Minn.) kws how volatile the politics of the situation are; he retired because he couldn't locate in Congress at large the institutional will (or stomach) to deal with the issues squarely. Political scientist Steven Schier understands the way in which the politics work against ecomics to solve the problem. Together, they take us inside the Capitol corridors to show us the lobbying, arm twisting, and pork barreling that goes on to derail policies designed to reduce the federal deficit. We get to play the Washington Monument game along with the worst of the offenders and to see firsthand how three schools of deficit thought--the wolves, pussycats, and termites--each approach the prospect of cutting back federal outlays and weaning the great middle class from its own welfare dependency.A hallmark of the book is its three-tiered set of long-term entitlement reform proposals, complete with careful documentation of the contribution each recommended item makes toward reducing the federal deficit (or at least slowing its increase). Along with suggested short-term plans, these proposals give students the opportunity to try to solve both short- and long-term problems. Students will appreciate the timeliness and relevance of the book's argument to their generation's future plight, and all readers will benefit from the clear presentation of complex ecomic concepts and arguments essential to understanding the federal deficit debate--and to confronting the political, social, and moral payments w coming due.
- Author BiographyTimothy J. Penny (D-Minn.) recently retired from the U.S. House of Representatives, where he led the fight for deficit reduction, and is the author--with Major Garrett--of Common Cents (1995). Timothy J. Penny (D--Minn.) recently retired from the U.S. House of Representatives, where he led the fight for deficit reduction, and is the author--with Major Garrett--of Common Cents (1995). Steven E. Schier author of A Decade of Deficits (1992), is professor of political science at Carleton College and director of the Carleton in Washington program.
- Author(s)Steve Schier,Timothy J. Penny
- PublisherThe Perseus Books Group
- Date of Publication02/02/1996
- SubjectFinance & Accounting
- Series TitleDilemmas in American Politics
- Place of PublicationBoulder, CO
- Country of PublicationUnited States
- ImprintWestview Press Inc
- Content Note2 photographs, cartoons, tables, figures, notes, bibliography, glossary, index
- Weight314 g
- Width152 mm
- Height229 mm
- Spine15 mm
- Format DetailsTrade paperback (US)
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