Debt and Taxes: Defusing America's Debt Bomb

By Howard Mick

Book Overview

America's $34 trillion national debt is more than just a number-it's a ticking time bomb. With the debt ratio now exceeding the nation's gross domestic product by 26 percent, Howard Mick offers a crucial exploration of how we got here and what it means for our future.

Drawing on government data and the insights of influential economists, Mick takes readers on a journey through the history of America's fiscal policies, revealing how even well-meaning decisions have contributed to the unsustainable growth of our national debt. He advocates for a fact-based discussion, moving beyond partisan rhetoric. He makes a compelling case that this trajectory, if left unchecked, could have devastating effects on our economy and quality of life.

But Mick doesn't stop at a diagnosis; he tackles the tough questions, exploring the impact of fiscal policies on wealth concentration and proposing actionable strategies to reverse the debt ratio's rise. He also confronts the government's inaction, leaving readers with a powerful mandate: it's up to the voters to demand change.

In this concise yet comprehensive book, Mick provides the critical insights needed to understand and address the fiscal crisis that threatens America-one that too few are willing to acknowledge, but that we can no longer afford to ignore.

• Format: Paperback
• Language: English
• ISBN: 1961302918
• ISBN13: 9781961302914
• Release Date: September 2024
• Publisher: Mission Point Press
• Length: 146 Pages
• Weight: 0.40 lbs.
• Dimensions: 0.3" x 5.0" x 8.0"