||A conservative Republican takes both major political parties to the woodshed for what he sees as wildly irresponsible economic policies and Washington business-as-usual politics. He raises a warning flag on policies that he says will leave future generations with enormous debt. He faults the Republicans for simultaneously cutting taxes and raising spending to alarming levels, resulting in ever-growing deficits. He says the Democrats are so enamored of entitlements that both Medicare and Social Security are ballooning way out of proportion. Peterson, who served as commerce secretary in the Nixon administration, is chairman of the Blackstone Group, and also serves as chairman of the influential Council on Foreign Relations.
||The national bestseller, described by Tom Brokaw as the “wake-up call we cannot ignore,” with a new preface by the author Acclaimed by all sides of the political spectrum, Peter Peterson's Running on Empty not only traces the deterioration of America’s finances but offers solutions. This national bestseller is required reading for everyone concerned with America’s long-term economic survival. In clear and concise prose, Peterson offers America not only a vision but the practical steps by which to ensure our children’s economic future. Running on Empty is not only a warning, it is also a manifesto calling for the next administration to finally confront a deep and disturbing problem that politicians of all parties have insisted on ignoring for too long.
|Editors Note 2
||The author of Gray Dawn offers a myth-shattering look at the potentially devastating repercussions of the budget and foreign trade deficits, explaining how reckless tax cuts, out-of-control spending, and corrupt accounting in Congress will affect the future of America. Reprint. 50,000 first printing.