Debt and Taxes: Defusing America's Debt Bomb
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America's $34 trillion national debt is more than just a number-it's a ticking time bomb. With the debt ratio now exceeding the nation's gross domestic product by 26 percent, Howard Mick offers a crucial exploration of how we got here and what it means for our future.
Drawing on government data and the insights of influential economists, Mick takes readers on a journey through the history of America's fiscal policies, revealing how even well-meaning decisions have contributed to the unsustainable growth of our national debt. He advocates for a fact-based discussion, moving beyond partisan rhetoric. He makes a compelling case that this trajectory, if left unchecked, could have devastating effects on our economy and quality of life.
But Mick doesn't stop at a diagnosis; he tackles the tough questions, exploring the impact of fiscal policies on wealth concentration and proposing actionable strategies to reverse the debt ratio's rise. He also confronts the government's inaction, leaving readers with a powerful mandate: it's up to the voters to demand change.
In this concise yet comprehensive book, Mick provides the critical insights needed to understand and address the fiscal crisis that threatens America-one that too few are willing to acknowledge, but that we can no longer afford to ignore.Mick, Howard: - Howard Mick worked fifty-two years in the legal field, retiring twelve years ago. After serving as an Army reservist, he joined a leading Kansas City law firm in 1959, where he specialized in business law, including public stock offerings, mergers and acquisitions, and bank regulation. His work, particularly in the banking sector, earned him recognition in Best Lawyers in America. For over forty years, Howard has been concerned about America's fiscal policies and the growing national debt. On multiple occasions, he expressed these views through letters to the editor of the Kansas City Star. To communicate his insights more effectively, he decided to write a book that explores the overlooked aspects of fiscal policy in recent decades. Howard believes that voters today need a clear understanding of how these policies have shaped the national debt and wealth distribution. Drawing on his extensive legal experience, Howard aims to provide readers with the crucial knowledge needed to navigate and influence the future of America's fiscal landscape.
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