
Full Faith and Credit
The National Debt, Taxes, Spending, and the Bankrupting of America
Alan Axelrod(Author)
Abbeville Press Inc.,U.S.
Published on 13. October 2016
Book
Hardback
496 pages
978-0-7892-1283-2 (ISBN)
Description
Conservative, Liberal, Republican, Democrat, Libertarian, Socialist . . . Each has a laundry list for America on which the slow-motion cataclysm of unsustainable national debt is but a lonely bullet point among dozens of others. Full Faith and Credit zooms in on that point, liberates it from partisan programs and political orientations, expands it, explores it, and explains it.
The book examines key dimensions of our national life-from a military-industrial complex more menacing than even Eisenhower could have imagined to a Tower of Babel tax code that covertly translates taxes into secret subsidies. With the aim of converting bystanders into informed advocates of change, Full Faith and Credit is rich with eye-opening data, surprising case studies, and you-can't-make-this-stuff-up examples:
For every official the United States public has elected, its government supports 5000 unelected employees.
$1 billion is the cost to destroy $16 billion in ammunition unneeded by the U.S. military.
$20,973,890,000 is the total taxpayer cost to the Treasury of gambling losses deducted by millionaires.
With easy-to-follow graphs and charts, as well as 20 uproarious full-colour editorial cartoons drawn from the prior work of Pulitzer Prize-winning artist Michael Ramirez, Full Faith and Credit locates the tipping point of the $19.4 trillion (and counting) national debt crisis and offers ideas on how to fix it.
The book examines key dimensions of our national life-from a military-industrial complex more menacing than even Eisenhower could have imagined to a Tower of Babel tax code that covertly translates taxes into secret subsidies. With the aim of converting bystanders into informed advocates of change, Full Faith and Credit is rich with eye-opening data, surprising case studies, and you-can't-make-this-stuff-up examples:
For every official the United States public has elected, its government supports 5000 unelected employees.
$1 billion is the cost to destroy $16 billion in ammunition unneeded by the U.S. military.
$20,973,890,000 is the total taxpayer cost to the Treasury of gambling losses deducted by millionaires.
With easy-to-follow graphs and charts, as well as 20 uproarious full-colour editorial cartoons drawn from the prior work of Pulitzer Prize-winning artist Michael Ramirez, Full Faith and Credit locates the tipping point of the $19.4 trillion (and counting) national debt crisis and offers ideas on how to fix it.
Reviews / Votes
"Congress should require everyone -- especially all in government - to read this book. History teaches that every country that gets into our situation ends with crises and semi-crises, but perhaps we could head it off if we all listen. I doubt it, but at least you would all know what is coming and could perhaps prepare yourselves so you could survive."--Jim Rogers, author of Street Smarts: Adventures on the Road and in the Markets "In plain English and with colorful anecdotes and aphorisms aplenty, Axelrod leaves no one but George Washington unscathed. Pulitzer-winner Michael Ramirez's conservative cartoons adorn each chapter, but Axelrod is bipartisan in his criticism, applying scorn to both Theodore and Franklin Roosevelt, and to what he sees as the excesses of all the presidents since Kennedy."--Publishers Weekly "In Full Faith and Credit: The National Debt, Spending, and Bankrupting of America by Abbeville Press, the forthcoming book from historian Alan Axelrod, the focus is turned to America's impending debt crisis. Axelrod first takes the reader through the history of the American presidency from the Washington to Obama administrations, all through the lens of government spending, tax policies, and how the office of the president and the administrative state have evolved to give us the near-$20 trillion debt that Americans must address at some point. As an added bonus, the book even comes complete with color illustrations by cartoonist Michael Ramirez, making it much easier to read for those of us who don't spend most of our free time reading about United States fiscal policy."--Consevative Review Full Faith and Credit: The National Debt, Spending, and Bankrupting of America has been featured on: The Washington Times * Fox News * Fox Business * Townhall * "The Morning Wake-Up" with Chris Keach * "The Jon Sanchez Show" * "RealClear Radio Hour" with Bill Frezza * "AM Edition" with Darryl Berger & Joe Le Capote * "NightSide with Dan Rea" * "Coastal Daybreak with Ben Ball" * "Kevin Miller in the Morning" * "KRDO's Morning News Extra" * "The Talk of the Town with Nelle Reagan" * "The Bob Zadek Show" * "Liberty Watch Radio" with Charles Heller * "Inside Track" with Emil Franzi * "The Jimmy Barrett Show" * "KSVC Morning Show" with Robert & Kaden McBride * "American Adversaries" with Chris Hart * "The Sam Malone Show" * "All About Mitch" with Mitch Henck * "The Mike Schikman Show" * "The Dan Rivers Show"* "The Keith Singer Radio Show" * "KTHR Drive Time" with Nikki Courtney * "Ringside Politics with Jeff Crouere" * "The Nick Taliaferro Show" * "Morning Meeting" with Sean Secrease & Quaid * "American Radio Journal" with Lowman Henry * "The Scott Voorhees Show" * "Jordana Green" * "Western Michigan LIVE" * "The Jim Bohannon Show"* "The Talk of the Town with Larry Rifkin"* "The Riley O'Neil Show" * "The Morning Show with Frank Holland" * "MidDay News with Jim Lee and Tyler Bachman"* "Capital City Recap" with Michael Cohen* "The Captain's America" with Captain Matt Bruce * "The Bill LuMaye Show" * "The Michael Dukes Show" * "The Andy Caldwell Show" * "The Brian Thomas Morning Show"* "The Tom Roten Morning Show" * "The Carrie Davis Show" * "Tim Constantine's Capitol Hill Show" * "The Steve Cochran Show" * "Bill Martinez Live" * "The Bryan Crabtree Show" * "The Charlie Sykes Show" * "The Schilling Show" with Rob Schilling * "Trending Today USA" with Rusty Humphries * "The Steve Gruber Show" * "The Tron Simpson Show" * "The Jon Sanchez Show" * "Morning Wake-Up with Chris Keach" * "The Louie B. Free Show" * "The Kuhner Report" with Mike Siegel * "Morning Meeting" * "Wilkow Majority" * "Public Affairs on Peach" * "The Kris Cruz Program" * "Closer Look" * "The Bob Zadek Show" * "The Ralph Bailey Show" * "Janet Mefferd Today" * "The Morning Wake-Up" * "Brett Winterble Show" * "Ringside Politics with Jeff Crouere" * "Mike Schikman" Show" * "Frank Beckmann Show"More details
Language
English
Place of publication
New York
United States
Product notice
sewn/stitched
Cloth over boards
Dimensions
Height: 231 mm
Width: 163 mm
Thickness: 33 mm
Weight
816 gr
ISBN-13
978-0-7892-1283-2 (9780789212832)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Other editions
Additional editions

Alan Axelrod
Full Faith and Credit: The National Debt, Taxes, Spending, and the Bankrupting of America
E-Book
09/2013
Abbeville Press
€12.49
Available for download
Persons
Alan Axelrod is the author of numerous books on business and history, including Everything I Know about Business I Learned from Monopoly.
Content
Publisher's Foreword Introduction: The Terrorism of Debt Part I: How We Got Here: The Unintended Consequences of Elected Government Chapter 1: George Washington to Theodore Roosevelt Chapter 2: Woodrow Wilson to Franklin Delano Roosevelt Chapter 3: Harry S. Truman to Ronald Reagan Chapter 4: George H. W. Bush to Barack Obama Part II: The Tyranny of Good Intentions Chapter 5: In Government We Trust Chapter 6: The Unintended Consequence of Unelected Government Chapter 7: Our Climate of Moral Hazard: From New Deal to Raw Deal Part III: Spending Too Much to Provide for the Common Defense: Trapped in the Puzzle Palace Chapter 8: IKE's First Draft Chapter 9: The Pentagon and Pork Chop Hill Part IV: Spending Too Much at the Civil Pork Barrel: One Man's Waste Is Another Man's Dinner Chapter 10: From the Bottom of the Barrel: Grinding the Political Pork Sausage Chapter 11: Let Them Eat Pork: How Congress Buys Votes Part V: What Taxes Cost Us: Tax Plans and Policy Choices Chapter 12: Abandon All Hope? Chapter 13: When Subsidies and Preferences Pass For Taxes Part VI: Solutions: Asking the Right Questions Chapter 14: How Much Longer Do We Have to Perch on this Painful Tipping Point? Chapter 15: Stay Curious, Get Skeptical: Resources, References, and Policy Choices