The Indebted Society Summary

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Every single year in the United States of America, the country wastes a lot of money into government problems per year which makes the US's debt higher per year. The topic is very interesting for me because I can unravel the truths and the origins of the United States Government Debt problem. Also, I can learn the history of the USA spending and how they spend the budget for the government problems that the USA needs. The works that I have chosen to analyze is primary The America’s Ticking Bankruptcy Bomb by Peter Ferrara .The Indebted Society by James Medoff and Andrew Harless book and The Manias, Panics, and Crashes by Charles P. Kindleberger will help to summarize and support of how America Debt got into this point in history of the USA. …show more content…

The book primary focus on lenders. The book also explains the history of America economy. It also explains how the lenders work with people related to debt, also how lenders will become the downfall of the federal debt. Reading these books open up my view on debt for the United States of America. The book explain a lot of useful information about how we got a lot of debt in the United States. (Kindleberger) The Indebted Society focus on the history of debt and cash flow which allows us to see how we understand how we got into debt today. The American Ticking Time Bomb focuses on how the debt will grow and get worse in the future. The book also explains and support The Indebted Society by stating the history of the origins of America humongous debt. This book also gives America some solutions of how to solve the federal debt problem such as cutting down budgets. The book The book The America’s Ticking Bankruptcy Bomb explains a lot about the America debt in the book. The book briefly summarizes how America is going to fall in bankruptcy. The author Peter Ferrara worked for the president before, during Reagan's reign. He currently is a director of policy for Carleson Center for Public Policy office. These reasons make him an authority of the topic because he was involved with the topic before as a government member of the United States. The author encourages the topic because he is worry when America is fallen to

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