Download America's Fiscal Constitution: Its Triumph and Collapse by Bill White PDF

By Bill White

What might Washington, Jefferson, Madison, Lincoln, the Roosevelts, Truman, and Eisenhower have performed approximately today's federal debt crisis?
America's economic structure tells the notable tale of monetary heroes who imposed transparent limits at the use of federal debt, limits that for 2 centuries have been a part of an unwritten structure. these nationwide leaders borrowed just for impressive reasons and trusted well-defined finances practices to stability federal spending and sales.

That conventional monetary structure collapsed in 2001. Afterward—for the 1st time in history—federal elected officers reduce taxes in the course of conflict, funded everlasting new courses solely with debt, grew depending on international collectors, and claimed that the financial system couldn't thrive with no regimen federal borrowing.

For many of the nation's heritage, conservatives fought to restrain the expansion of presidency by means of insisting that new courses be paid for with taxation, whereas progressives sought to maintain possibilities for individuals at the approach up by way of balancing budgets. nearly all mainstream politicians well-known that over the top debt might jeopardize deepest funding and nationwide independence.

With unique scholarship and the good thing about event in finance and public provider, invoice White dispels universal price range myths and distills sensible classes from the nation's 5 past spikes in debt. America's economic structure bargains an goal and hopeful consultant for individuals attempting to make experience of the nation's present, so much serious, debt challenge and its influence on their lives and our destiny.

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T H E DANGERS OF THE JOB In 200 1 , 140 cops were murdered on the job. Most of these (7 1) were killed in the September 11 attacks on the World Trade Center and the Pentagon. The remaining 69 deaths represent 65 separate incidents, most commonly domestic disturbances and traffic stops. Additionally, 77 officers died in on-duty accidents. 1 06 The 2001 figures are exceptional, skewed by the fact that more cops died in one day than in the entire rest of the year combined. Outside of the World Trade Center attack, only three officers were intentionally killed in the entire northeastern United States.

9 deaths per 100,000. 1 per 100,000. 1 l l By industry, mining and farming are the most dangerous. 0 fatal work injuries per 100,000 workers in 2000, the highest of any industry and about 7 times the rate for all workers. 3 per 100,000 workers. I 1 3 Where are the headlines, the memorials, the honor guards, and the sor­ rowful renderings of taps for these workers? Where are the mayoral speech­ es, the newspaper editorials, the sober reflections that these brave men and women died, and that others risk their lives daily, so that we might continue to enjoy the benefits of modern society?

It is an aberration. ")3 (8) Counterattack. "The only thing they understand is physical force and pain. ''94 "People make complaints to get out of trouble. '-')5 (9) Competing victimization . The police are "in constant danger. % "[LJibera/s are prejudiced against police, much as many white police are biased against Negroes. ") 7 The police are "the most downtrodden, oppressed, dislocated minority in America. "9B Another commonly invoked rationale for justifying police violence is: ( 1 0) The Hero Defense.

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