He's one of America's most capable, canny, candid, and independent financial experts. Now David M. Walker sounds a call to action. Comeback America is a tough-minded, innovative, inspiring guide to help us avoid the approaching economic abyss and put the country back on track again.
As comptroller general of the United States and head of the Government Accountability Office (GAO)—"the nation's top auditor"—Walker warned Congress and the administration as the federal surplus became a giant deficit under George W. Bush. As president and CEO of the Peter G. Peterson Foundation, he now works full-time to raise public awareness regarding mounting debt burdens being imposed on future generations. Comeback America is his crucial manifesto, a way for President Obama to end out-of-control government spending and reform our tax, retirement, health care, defense, and other systems—before it's too late.
Walker believes that by 2030, absent significant reforms to current government programs and policies, federal taxes could double from current levels, meaning less money and poorer education for kids—which will hurt families along with our nation's economic strength and position in the world. If our foreign creditors—such as China—decide to buy fewer of our Treasury bonds, interest rates will rise and cars and homes will become less affordable.
But it doesn't have to be that way. Comeback America shows how we can return to our founding principles of fiscal responsibility and stewardship for future generations. The book includes bold ideas to control spending, save Social Security, dramatically alter Medicare, and simplify the tax code—all taking into account the Obama Administration's current efforts, which receive never-before-published assessments both complimentary and critical.
Nonpartisan, nonideological, and filled with a love of the country its esteemed author has spent his life serving, Comeback America is a book for anyone interested in America's economic future—in other words, a book everyone should read.
From the Hardcover edition.
"Please read this book by David Walker. No one has worked harder, been armed with more facts, written more clearly and been more dedicated to the mission of restoring confidence in our fiscal affairs and trust in government." —Paul Volcker, Chairman of the Economic Recovery Advisory Board and Former Chairman of the Federal Reserve
"Dave Walker has lifted the hood on the federal government, diagnosed the problems, and provided a number of sensible suggestions to help restore America's greatness. READ THIS BOOK IF YOU CARE ABOUT AMERICA’S FUTURE."—Ross Perot
"David Walker shows us how to regain fiscal sanity and why, if we don't, we're at risk of bequeathing a lower standard of living to our children and becoming a second rate power. Every American should read this book because Walker gives us specific solutions, and shows there is still hope."—Former U.S. Senator Bill Bradley
"DavidWalker has drawn a true frightening and fact-based picture of a looming crisis; a crisis that will make the recent financial meltdown seem like a walk in the park. If this analysis doesn't stir you to action nothing will."—Paul O'Neill, U.S. Secretary of the Treasury under President George W. Bush (43)
"Comeback America is a brilliant, factual, and highly readable account of our current fiscal predicament, how we got there, how we can escape, and what we should do in the future. It is a must read by every American, especially our elected leaders."—Carla Hills, U.S. Trade Representative under President George H.W. Bush (41)
"Every American should read David Walker's clear analysis of our dangerous future federal budget deficits and of our current political system. One might not agree with all of Walker's opinions and recommendations, but they should stimulate serious debate about issues that will determine the future of our society; and hopefully contribute to moving forward on those issues."—Robert Rubin, Co-Chairman, Council on Foreign Relations and Former Secretary of Treasury
“If you're a politician or citizen ready to get a grip—on budgets, spending, entitlement, and health-care reform—the ideas in Comeback America are a good starting point for a discussion.”—Philadelphia Inquirer
From the Hardcover edition.
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