Booklist hails our upcoming America’s Ticking Bankruptcy Bomb: How the Looming Debt Crisis Threatens the American Dream–and How We Can Turn the Tide Before It’s Too Late by Peter Ferrara as an “insightful, wide-ranging policy statement for America in the twenty-first century.”
Jun 2011. 448 p. Harper/Broadside, hardcover, $25.99. (9780062025777). 336.3.
“The failure of federal, state and local officials of both major parties, over many years, have primed a ticking bankruptcy bomb for America that will explode the American Dream if we do not disarm it,” says policy analyst and columnist Ferrara, who holds Reaganomics as his gold standard. He offers conservative views for restoring the American Dream, including how to permanently balance the budget for the long term and the need to terminate obsolete programs, agencies, bureaucracies, and perhaps cabinet departments and then shrink the remaining government. A central theme of the book is “that a truly modernized social safety net based on highly effective market incentives . . . would achieve all the liberal social safety net goals far better, at just a fraction of the cost of the current, outdated, counterproductive entitlement programs.” This insightful, wide-ranging policy statement for America in the twenty-first century adds to the continuing debates on structural reforms in Washington and at state and local government levels across the country. — Mary Whaley