America’s Ticking Bankruptcy Bomb
By Peter Ferrara
The American Spectator.org
My new book, America’s Ticking Bankruptcy Bomb, published by HarperCollins, went on sale this week. The book begins by explaining the overwhelming tidal of wave of government spending, taxes, deficits and debt swamping our economy and threatening ultimate bankruptcy for America. But this book is not just about the problems, but also about the solutions.
Defusing the ticking bankruptcy bomb that is threatening to explode American prosperity will require first creating another economic boom to restore traditional American prosperity. Only surging economic growth will produce the booming revenue base essential to avoiding national bankruptcy, and reduce dependency sufficiently to enable the necessary slashing of government spending. The book explains exactly all the specifics of how to create another generation-long, 25-year economic boom, drawing on my background working for President Reagan in the White House Office of Policy Development.