Bankruptcy 1995: The Coming Collapse of America and How to Stop It

Figgie, Harry E.,Swanson, Gerald J.

ISBN 10: 0316282065 / ISBN 13: 9780316282062

Published by Little Brown & Co, 1993

About this Item

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Bibliographic Details

• Title: Bankruptcy 1995: The Coming Collapse of America and How to Stop It
• Publisher: Little Brown & Co
• Publication Date: 1993
• Language: English
• ISBN 10: 0316282065
• ISBN 13: 9780316282062
• Binding: paperback
• Condition: Very Good

About this title

Synopsis

A lucid explanation of America's deficit crisis discusses the potential impact on both ordinary American citizens and the global economy of a national bankruptcy and offers suggestions on how to avoid financial ruin. Original. 150,000 first printing.

From Library Journal

Unlike David P. Calleo's more scholarly and philosophical approach to the national debt in his recent The Bankrupting of America ( LJ 4/1/92), this book is designed to frighten its readers into action. The author projects that by 1955 interest payments on the national debt will begin to overwhelm our ability to pay that interest. The two possible scenarios then would be financial panic or hyperinflation. Figgie's call to action stresses public pressure on politicians to reduce government deficits and the national debt. Given the book's short-term political emphasis, libraries should carefully evaluate the lasting significance of its long-run role in their collection.
- Richard C. Schiming, Mankato State Univ., Minn.
Copyright 1992 Reed Business Information, Inc.