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America's Fiscal Constitution: Its Triumph and Collapse
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America's Fiscal Constitution: Its Triumph and Collapse

4.04  ·  Rating details ·  27 Ratings  ·  2 Reviews
What would Washington, Jefferson, Madison, Lincoln, the Roosevelts, Truman, and Eisenhower have done about today's federal debt crisis?

America's Fiscal Constitution tells the remarkable story of fiscal heroes who imposed clear limits on the use of federal debt, limits that for two centuries were part of an unwritten constitution. Those national leaders borrowed only for ex
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Hardcover, 576 pages
Published April 1st 2014 by PublicAffairs (first published January 28th 2014)
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Jesse Rine
May 22, 2014 rated it it was amazing
A bit of a slog at some points, but this should be required reading for any current or future politician. Considering Bill White is a Democrat veteran of the Clinton administration, this book was quite balanced and even-handed. His central point is simply that our bills must be paid. The balance between tax revenue and government services is good and necessary, but must take place within basic fiscal assumptions and practices that have governed American fiscal policy since the 18th century. That ...more
Charles Berteau
Dec 07, 2014 rated it it was amazing
This is an outstanding book, for anyone who is interested in putting America's current fiscal crisis into an historical perspective. It is refreshingly non-partisan - Bill White, the author, is a Democratic former mayor of Houston and a former Deputy Secretary of Energy in the Clinton administration.

The book lays out the complete history of America's "unwritten fiscal constitution," under which the norms of spending and debt were slowly established and confirmed over the lift of the republic. Fo
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