The American deficit has been blamed for many of the world's economic woes and has raised fears that America may no longer be in charge of her own destiny. Here Rogers discusses what it means to be the world's largest debtor nation and explores the allegation that America is at the mercy of foreigners. Facts are presented to refute widely held myths regarding, for example, service and manufacturing jobs, foreign ownership of American assets, Japan's defense spending and budget deficit, our own trading practices, wages of Japanese vs. American workers and many others. The author points out that if the Grace Commission recommendations had been adopted when issued in 1983 we would have saved approximately $500 billion in the last five years. Persuasive and Readable "Yesterday I finished reading The Deficit. It is one of the most persuasive, highly researched and thoroughly documented books I have ever read. Your format and style makes it so readable." Knox Banner, Washington DC Past Trustee Urban Land Institute and National President Redevelopment Officials Deserving of Impact "It is indeed my hope that this volume will have impact, because it deserves it." Walter H. Annenberg, PA Publisher, Philanthropist, and Diplomat Impressed By Level of Research "I've spent some time enjoying The Deficit. I was impressed by the level of research and the range of anecdotal material. Helen Rogers' message rings loudly from virtually every page. It should be required annual reading for all of our Congress people!" Michael Belton, Tucson, AZ Astronomer, National Optical Astronomy Observatory An Important Topic "I appreciate so much your sharing your thoughts with me and the public on this important topic." Sam Walton Chairman of the Board,Wal-Mart Author, Helen P. Rogers' goal is to emulate former President Grover Cleveland who said he wished to be remembered "Not for anything I have ever done, but for the foolishness I have put a stop to."
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