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Forgive Us Our Debts: The Intergenerational Dangers of Fiscal Irresponsibility Hardcover – April 28, 2008
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About the Author
Andrew L. Yarrow is vice president and Washington director of Public Agenda, and teaches modern U.S. history at American University. A longtime former reporter for the New York Times, Dr. Yarrow has published extensively during the last 25 years, including Latecomers: Children of Parents Over 35, frequent op-eds, and many popular and scholarly articles.
Top Customer Reviews
In an effort to fully understand the magnitude and consequences of our current domestic economic policy in layman's terms, I turned to Andrew L. Yarrow's book, "Forgive Us Our Debts: The Intergenerational Dangers of Fiscal Irresponsibility". I won't kid you, it's a tough subject, but Yarrow has done a great job of explaining how we got to where we are; where we're going; and what we can do about it short term and down the road. Yarrow offers excellent examples, backed by current data to support his arguments in an easy to understand format.
So, if you're like me and want to know for the sake of your children and their future, where we're headed, I strongly recommend "Forgive Us Our Debts" by Andrew L. Young.
If only our national and local leaders had read this book. If only they will read it NOW. After explaining the extent of our debt and how we ended up in this multi-Trillion dollar mess, the author then makes a few simple, reasonable suggestions for ways to improve our fiscal status. There is medicine to swallow for liberals and conservatives alike here, including both policy changes and philosophical changes - but any reasonable person should take these suggestions seriously. "In short, despite a generation of largely justifiable antigovernment cynicism, government has contributed enormously, and in an enormous number of ways, to making life better for hundreds of millions of Americans." (p. 134)
Better, more effective ways to pool risk coupled with individuals taking greater responsibility along with common sense reforms to 'safety net' programs can go a long way toward improving our financial condition.
Unfortunately, this book came out before the climax of the Sub-prime Mortgage/Credit Debacle of 2007/2008, so it does not address the vast amounts of new borrowing the government has done in its attempt to 'save Wall Street'. But if anything, it is that much more important that people read this book, absorb and internalize its lessons, and demand fiscal prudence from Washington DC and from state capitals from Maine to Alaska.
Most Recent Customer Reviews
Fellow citizens. Please read this book and start voting for members of congress and presidential candidates committed to reforming the tax code in order to simplfy it and raise... Read morePublished on May 28, 2012 by Terry Jennrich
All 100 Senators and 435 Representatives should read and heed this book. The 111th Congress (2009-2010) was the worst in American history. Read morePublished on February 24, 2011 by Sallyards
If you want to understand why Government debt is bad for your country, this is a great read.
The only reason I did not give it five stars is I was already well read on... Read more