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Book cover of Full Faith and Credit: The National Debt, Taxes, Spending, and the Bankrupting of America. Published by Abbeville Press.

Full Faith and Credit

The National Debt, Taxes, Spending, and the Bankrupting of America

By (author) Alan Axelrod
Illustrated by Michael Ramirez


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Full 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.

About the Author

Alan Axelrod is the author of numerous books on business and history, including Everything I Know about Business I Learned from Monopoly.

Abbeville Press
27th Sep 2016
World excluding USA, Canada, Puerto Rico, and Australia
238 mm x 162 mm
496 Pages
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