Record-shattering government spending, taxes, deficits, and debt threaten a downward spiral in the American people's standard of living, ultimately stealing the American dream.
The welfare state is melting down. State and local governments are reeling under the burden of runaway public-employee pensions, dysfunctional education bureaucracies, and belligerent public-sector unions. In the past, the state governments have turned to the federal government to bail them out. But the federal government is broke.
In chilling detail, former Reagan administration adviser Peter Ferrara documents the looming collapse of the American social safety net and describes what will happen when the government goes bankrupt. He also introduces us to his vision for the way forward: a new concept that he calls "prosperity independence." Ferrara supports sweeping tax reform to maximize economic growth, and fundamental entitlement reform to replace our outdated redistribution-based welfare state with a modernized comprehensive social safety net.
Utilizing modern capital, labor, and insurance markets, these reforms will accomplish far more than our current entitlement programs could ever hope to do, at a fraction of the cost. In addition to balancing our national budget and cutting back on government power, control, taxation, and spending, America will finally win the War on Poverty.
Ferrara also shows how our nation can enjoy a new generation-long economic boom, once again leading the world in economic growth and abundance.
The debt problems facing the US are staggering, and Peter Ferrara does an excellent job describing those problems.
There are lots of details in this and his other proposals, so anyone interested in the subject should read the book carefully before making any assessments.
This would involve block granting federal funds back to the states and letting them decide how to best structure their own welfare programs.
Could be shorter and just as effective. Gets into weeds to much for most and therefore few will read the book.Published 5 months ago by Fernwood
This book gives attainable solutions to the pressing problems facing the United State of America today. The author tackles each issue a chapter at a time. Read morePublished 22 months ago by anonymous
If you've spent much time in recent years trying to figure out what has gone so wrong in America and what might be done about it: you're most likely pretty-well discouraged by now. Read morePublished on September 25, 2012 by Marvin D. Pipher
Ferrara recognizes that we have gone well beyond safety net concept to a redistribution economy. We need a true safety net program for prosperity. Read morePublished on March 26, 2012 by Gderf
I wish the presidential candidates would debate on the points raised in this book. The first part lays out the facts of our national debt crisis, and the second suggests a set of... Read morePublished on October 11, 2011 by John Ames
I thought Peter's ideas were well presented and his arguments sound, however, I get a bit tired of reading ideas that are glossed over in a few pages. Read morePublished on August 20, 2011 by Book Lover
If your looking for a great book this is it. This book will engulf the reader in hours of side splitting humor. The author has zero grasp on economics and it shows. Read morePublished on July 27, 2011 by mark whitcomb
PETER FERRARA HAS NO CLUE HOW GOVERNMENTS WORK.
GOVERNMENTS CAN NEVER HAVE A BALANCED BUDGET BECAUSE THEY CAN NOT PREDICT DISASTERS, WARS, ETC. Read more