On Borrowed Time How the Growth in Entitlement Spending Threatens America s Future 1st Edition by Neil Howe 1351502352 9781351502351

On Borrowed Time How the Growth in Entitlement Spending Threatens America s Future 1st Edition Neil Howe – Ebook PDF Instant Download/Delivery ISBN(s): 9781351502351, 1351502352

Product details:

• ISBN 10:1351502352
• ISBN 13: 9781351502351
• Author:Neil Howe

Entitlements represent one of the largest and fastest-growing portions of the federal budget. They are regarded as sacrosanct by lawmakers, yet many people see them as one of the greatest threats to the American Dream. This volume argues that by sacrificing the future in order to pay ever-larger federal benefits through programs such as Social Security, Medicare, and federal pensions, entitlement spending has become a crushing burden to American workers. Peterson and Howe destroy myths surrounding entitlement spending. They show that the bulk of it does not go to the poor. The majority of the elderly are not needy and dependent. Entitlement programs, not defense spending, consume the largest share of the federal budget. In short, we cannot balance the budget without reducing entitlement spending. In a country that demands critical investments–improving public education, alleviating poverty, increasing professional opportunity–growth in entitlement spending is unaffordable.On Borrowed Time is an important and timely book that will be mandatory reading for policymakers, politicians, economists, and a general public concerned with its financial future.

Table contents:

CHAPTER 1 The Imperiled American Dream
CHAPTER 2 The Myths of Entitlements
CHAPTER 3 A Fiscal Nightmare
CHAPTER 4 Driving the Projections: An Aging Society
CHAPTER 5 Driving the Projections: Health-Care Hyperinflation
CHAPTER 6 Driving the Projections: Indexing
CHAPTER 7 Social Security: The End of the Chain Letter
CHAPTER 8 The Federal Pension Bonanza
CHAPTER 9 Health-Care Policy: Facing the Painful Trade-Offs
CHAPTER 10 The Failure of the Libertarian Welfare State

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