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Turning The Country Around And Restoring Fiscal Responsibility
Random House
January 2010
On Sale: January 12, 2010
240 pages
ISBN: 1400068606
EAN: 9781400068609
Hardcover
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Non-Fiction
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 taxcode—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.
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