White House Burning: Our Founding Fathers, the National Debt, and Why It Matters to You by Simon Johnson and James Kwak

White House Burning: Our Founding Fathers, the National Debt, and Why It Matters to You by Simon Johnson and James Kwak, Economics, 352 pages. Johnson and Kwak explain how the US government has traditionally used debt to fund wars and growth. They show how while our current debt is historically high, it is not unprecedented. They show how more of the debt we currently carry has to do with tax cuts than with the TARP spending. They also believe that our country would be worse off without the TARP spending. A well-reasoned set of arguments that probably won't convince opponents of the current administration. Check our catalog.