Clears up misconceptions about entitlement spending, argues that it will become an overwhelming burden on future workers, and suggests a course of change
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Peter G. Peterson is chairman and co-founder of The Blackstone Group. He is chairman of the Federal Reserve Bank of New York, chairman of the Council on Foreign Relations, founding chairman of the Institute for International Economics (Washington, D.C.), founding president of The Concord Coalition, and co-chair of The Conference Board Commission on Public Trust and Private Enterprises.
"This book should be read by everyone who wants to understand how government spending can be controlled."
—Martin Feldstein, George F. Baker Professor of Economics, Harvard University
"A powerful analyses and policy prescriptions which will challenge every thoughtful person coping with the dilemma of providing humane, but cost effective, entitlements."
—Michael J. Boskin, Professor of Economics, Stanford University
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