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Comeback America: Turning the Country around and Restoring Fiscal Responsibilityby David Walker
Synopses & Reviews
He's one of America's most capable, canny, candid, and independent financial experts. Now David M. Walker sounds a call to action. Comeback America is a tough-minded, innovative, inspiring guide to help us avoid the approaching economic abyss and put the country back on track again.
As comptroller general of the United States and head of the Government Accountability Office (GAO)—"the nation's top auditor"—Walker warned Congress and the administration as the federal surplus became a giant deficit under George W. Bush. As president and CEO of the Peter G. Peterson Foundation, he now works full-time to raise public awareness regarding mounting debt burdens being imposed on future generations. Comeback America is his crucial manifesto, a way for President Obama to end out-of-control government spending and reform our tax, retirement, health care, defense, and other systems—before it's too late.
Walker believes that by 2030, absent significant reforms to current government programs and policies, federal taxes could double fromcurrent levels, meaning less money and poorer education for kids—which will hurt families along with our nation's economic strength and position in the world. If our foreign creditors—such as China—decide to buy fewer of our Treasury bonds, interest rates will rise and cars and homes will become less affordable.
But it doesn't have to be that way. Comeback America shows how we can return to our founding principles of fiscal responsibility and stewardship for future generations. The book includes bold ideas to control spending, save Social Security, dramatically alter Medicare, and simplify the tax code—all taking into account the Obama Administration's current efforts, which receive never-before-published assessments both complimentary and critical.
Nonpartisan, nonideological, and filled with a love of the country its esteemed author has spent his life serving, Comeback America is a book for anyone interested in America's economic future—in other words, a book everyone should read.
'Comeback America' is a guide to help the readers avoid the approaching economic abyss and put the country back on track again. 'Comeback America' is a manifesto, a way for President Obama to end out-of-control government spending and reform our tax, retirement, health care, defense, and other systems - before it's too late.
About the Author
\David M. Walker served as the seventh comptroller general of the United States and was the CEO of the U.S. Government Accountability Office (GAO) from 1998 to 2008. Currently the president and CEO of the Peter G. Peterson Foundation, Walker is a frequent speaker, writer, commentator, and congressional witness. He has appeared on a significant number of television networks, cable channels, and radio programs and has written for many major publications.
Table of Contents
Fiscal crisis 101 — America 2030 : why we must act-now — Principles from our history and common sense — Obama's challenge — Save Social Security first — Curing health care — Collect more revenue, more fairly — Addressing America's international deficits — Getting control of the Pentagon — Transforming government — Fixing our dysfuntional democracy.
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