| On Borrowed Time: How the Growth in Entitlement Spending Threatens America's Future Contributor(s): Howe, Neil (Author) |
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ISBN: 1138529087 ISBN-13: 9781138529083 Publisher: Routledge OUR PRICE: $161.50 Product Type: Hardcover - Other Formats Published: July 2017 |
| Additional Information |
| BISAC Categories: - Business & Economics | Public Finance - Political Science | American Government - General - Political Science | Public Policy - Economic Policy |
| Dewey: 353.008 |
| Physical Information: 1.1" H x 6.2" W x 9.1" (1.60 lbs) 444 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: Entitlements represent one of the largest and fastest-growing portions of the federal budget. They are regarded as sacrosanct by lawmakers, yet many people see them as one of the greatest threats to the American Dream. This volume argues that by sacrificing the future in order to pay ever-larger federal benefits through programs such as Social Security, Medicare, and federal pensions, entitlement spending has become a crushing burden to American workers. Peterson and Howe destroy myths surrounding entitlement spending. They show that the bulk of it does not go to the poor. The majority of the elderly are not needy and dependent. Entitlement programs, not defense spending, consume the largest share of the federal budget. In short, we cannot balance the budget without reducing entitlement spending. In a country that demands critical investments--improving public education, alleviating poverty, increasing professional opportunity--growth in entitlement spending is unaffordable.On Borrowed Time is an important and timely book that will be mandatory reading for policymakers, politicians, economists, and a general public concerned with its financial future. |