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The Reckoning: Debt, Democracy, and the Future of American Power Hardcover – April 10, 2012
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"The Reckoning is a chilling survey of the state of the world and American global leadership. Michael Moran sees the real problems and argues that things will go from bad to worse unless Washington ... change its ways and embrace major reforms. I hope he's wrong--but I fear he may be right."Gideon RoseEditor, Foreign Affairs
“An engaging, if chilling read… Moran's point of view is valuable, particularly in the context of the U.S.' November elections.” ―USA Today
“The Reckoning is a smart, sober and clear-eyed primer on the Post-American Century. Read it, and then demand equally straight answers from those who seek your vote.” ―The Seattle Times
“A grim but hopeful analysis of the global position of the U.S. and the dire need for change.” ―Booklist
“For policy and financial wonks, a smart, bracing and sobering read; for voters, fair warning about possible outcomes of the looming November elections.” ―Kirkus Reviews
“This solemn examination of the severe problems facing the U.S. today...offers a practical, useful roadmap for change if politicians will follow.” ―Publishers Weekly
“The Reckoning is a chilling survey of the state of the world and American global leadership. Michael Moran sees the real problems and argues that things will go from bad to worse unless Washington can somehow manage to change its ways and embrace major reforms. I hope he's wrong--but I fear he may be right.” ―Gideon Rose, Editor, Foreign Affairs and author of How Wars End
“Mike Moran is a sharp thinker and a fine storyteller, and The Reckoning is a terrifically engaging read. America's role in the world is a subject that demands clarity and nuance, and this book delivers both.” ―Ian Bremmer, author of The End of the Free Market
“With the clarity and style of someone used to communicating complicated stuff to a general audience, Moran draws on his decades of experience to lay out for readers all the factors in the bill that has come due for America and how we can pay it off. The choices are hard but Moran is not a "declinist;" he is a realistic optimist. The Reckoning is a book that frames the choices facing America's citizens better than any I have read.” ―Michael Goldarb, Senior Correspondent, GlobalPost.com and author of Emancipation: How Liberating Europe's Jews From the Ghetto Led to Revolution and Renaissance
“Moran comprehensively and bluntly catalogs the political, economic, and foreign policy errors that have drained the Treasury and diminished global opinion of American leadership. His views will irritate many current stakeholders. They do however contribute to a needed debate on American's future role in global security and Moran believes that role, while, requiring changes in style and substance, remains vital.” ―Dr. William Turcotte, Chairman Emeritus, Naval War College
Top Customer Reviews
The 'good news' is that America will continue to appear strong, perhaps for as long as a generation; the 'bad news' is that our slow decline is not likely to prod the significant constructive actions needed. These include more progressive taxation and fiscal stimulus aimed at improving productive infrastructure, coupled with long-term fiscal discipline, stricter supervision and regulation of a financial system still running amok (eg. J.P. Morgan), and the breakup of 'too big to fail' banks. Also needed - less investment in hugely expensive satellite weaponry, hypersonic aircraft, and naval flotillas.
Except for the peak years of WWII, the U.S. has never had a debt/GDP ratio as high as it is now. At 1% rates, the interest now has reached $169 billion/year, exceeding eg. federal spending on highway construction and other 2011 transportation projects.
Israel was the #2 recipient of U.S. foreign aid in 2010, #3 in 2011. Adding Egypt and Jordan's foreign-aid receipts (provided primarily to calm the waters for Israel), would clear make Israel the #1 recipient in both years. Israel's policies of occupying the West Bank and Gaza, proliferating nuclear weapons while pretending it doesn't have any, and the denial of voting and property rights to Palestinians cannot continue.Read more ›
Most Recent Customer Reviews
Fantastic, evocotive read: Hunter S. Thompson meets Graham Greene!Published 23 months ago by Brian Storm
Moran's a genius and explains things very clearly. Great book!Published on August 21, 2014 by Tim Naughton
I have finally found a book that tries to explain current economic and political conditions without a definitive bias. Read morePublished on April 18, 2014 by Eager Learner