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

Harry E. Figgie (Author), Gerald J. Swanson (Author)

Book Description

Publication Date: September 1993

An explanation of how America has come to be on the verge of bankruptcy unless drastic action is taken, outlining what national bankruptcy will mean for American citizens. Includes a specific programme which the authors claim will reverse the situation.

Editorial Reviews

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. --This text refers to an out of print or unavailable edition of this title.

Product Details

• Paperback: 289 pages
• Publisher: Little Brown & Co (P); 1st paperback ed edition (September 1993)
• Language: English
• ISBN-10: 0316282065
• ISBN-13: 978-0316282062
• Product Dimensions: 8.2 x 5.4 x 0.9 inches
• Shipping Weight: 13.6 ounces
• Average Customer Review: 3.8 out of 5 stars  See all reviews (8 customer reviews)
• Amazon Best Sellers Rank: #1,075,029 in Books (See Top 100 in Books)

Customer Reviews

Most Helpful Customer Reviews

10 of 11 people found the following review helpful:

5.0 out of 5 stars History DOES Repeat Itself, November 18, 2006

By 

C. Jack "Better Health News" (midwest USA) - See all my reviews
(REAL NAME)   

This review is from: Bankruptcy 1995: The Coming Collapse of America and How to Stop It (Paperback)

I first read this book after its initial printing and was intrigued with the analysis of economies that failed, and why.

What I found MOST intriguing was the steps the governments took to stabilize their hold over their citizens - which included more controls over their movement AND the movement of their money.

Does ANY of this sound familiar?

With it now being 2006 and 2007 is just around the corner, this book should be on your read now list. Why? Because too much of today's economic picture/climate is paralleling the ones in the book. Controls are being put upon us that are like the ones enacted by a failing economy like several of the ones profiled in the book.

The Orwellian nightmare is much closer than you think!

And...

if history repeats itself...

well, better to be forewarned and better prepared.

I'm going to read mine again.

18 of 22 people found the following review helpful:

4.0 out of 5 stars Still Relevent for Today, January 5, 2000

By 

Steve Herr (Jackson, MI USA) - See all my reviews

This review is from: Bankruptcy 1995: The Coming Collapse of America and How to Stop It (Paperback)

In this current bubble of false prosperity people are choosing to criticize Harry Figgie rather than examine the evidence he presented. Congress hasn't changed with the Republicans; they are still spending beyond the money taken in. The national debt is still growing and we are still headed for a financial disaster. In the Great Depression the Government bailed out the people with funny money. When the Government goes broke, who will bail them out?

Those who consider it all hype just because it didn't happen on Harry Figgie's timetable are only deluding themselves.

12 of 15 people found the following review helpful:

4.0 out of 5 stars is coming true late (due to clinton administration), July 2, 2002

By A Customer

This review is from: Bankruptcy 1995: The Coming Collapse of America and How to Stop It (Paperback)

I read this in hardcover when it was first published and it was very interesting and seemed credible. It did not come true in 1995 as predicted. However, in June, 2002 so much of that book has come true it is frightening.

In retrospect, legislation proposed by Clinton/his administration (and then enacted) postponed the predictions in this book. Just in recent months (Spring, 2002) this book has proven itself. Unfortunately, more of its predictions may come to pass.

Easy to read, but very disconcerting because of the negative impact on this country. Services will decline due to economics is just one prediction. Yesterday's news announced "budget cuts" in Tulsa schools including more pupils per classroom and school beginning later in the calendar year, elimination/reduction in programs,etc. Roads not being repaired and then falling apart has already occurred in OK due to "lack of funds". Hopefully, not all the predictions in this book will come true.