I.O.U.S.A - Addison Wiggin [0]
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Addison Wiggin
and Kate Incontrera
with Dorianne Perrucci
Foreword by David Walker
John Wiley & Sons, Inc.
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I O U S A
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IOUS A
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Addison Wiggin
and Kate Incontrera
with Dorianne Perrucci
Foreword by David Walker
John Wiley & Sons, Inc.
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Copyright © 2008 by Addison Wiggin and Kate Incontrera. All rights reserved.
Published by John Wiley & Sons, Inc., Hoboken, New Jersey.
Published simultaneously in Canada.
Book design by Figaro.
No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, scanning, or otherwise, except as permitted under Section 107 or 108 of the 1976 United States Copyright Act, without either the prior written permission of the Publisher, or authorization through payment of the appropriate per-copy fee to the Copyright Clearance Center, Inc., 222 Rosewood Drive, Danvers, MA 01923, (978) 750–8400, fax (978) 750–4470, or on the web at www.copyright.com. Requests to the Publisher for permission should be addressed to the Permissions Department, John Wiley & Sons, Inc., 111 River Street, Hoboken, NJ 07030, (201) 748–6011, fax (201) 748–6008, or online at http://www.wiley.com/go/permissions.
Limit of Liability/Disclaimer of Warranty: While the publisher and author have used their best efforts in preparing this book, they make no representations or warranties with respect to the accuracy or completeness of the contents of this book and specifi cally disclaim any implied warranties of merchantability or fi tness for a particular purpose.
No warranty may be created or extended by sales representatives or written sales materials. The advice and strategies contained herein may not be suitable for your situation. You should consult with a professional where appropriate. Neither the publisher nor author shall be liable for any loss of profi t or any other commercial damages, including but not limited to special, incidental, consequential, or other damages.
The opinions and views expressed in this book and its foreword are solely those of their respective authors, and not those of I.O.U.S.A., LLC or the Peter G. Peterson Foundation.
The Peter G. Peterson Foundation and I.O.U.S.A., LLC did not write or edit any portion of this book, do not endorse it and are not receiving any compensation from its sales.
For general information on our other products and services or for technical support, please contact our Customer Care Department within the United States at (800) 762–2974, outside the United States at (317) 572–3993 or fax (317) 572–4002.
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ISBN 978–0–470–22277–5
Printed in the United States of America.
10 9 8 7 6 5 4 3 2 1
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For Jennifer, Meritt, August, and Elizabeth, who make all the late - night pacing worthwhile ffirs.indd v
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Contents
Foreword ix
I.O.U.S.A. Cast of Characters xvii
Acknowledgments
xix
Part One: The Mission
The Mission
3
Chapter 1 The Real State of the Union
15
Chapter 2 The Budget Defi cit
23
Chapter 3 The Savings Defi cit
43
Chapter 4 The Trade Defi cit
59
Chapter 5 The Leadership Defi cit
75
Epilogue 93
Part Two: The Interviews
The Interviews
97
Alice Rivlin
99
William Bonner
111
Robert Rubin
127
Peter G. Peterson
139
Ron Paul
147
Paul A. Volcker
161
Dr. Alan Greenspan
169
Warren Buffett
175
vii
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viii Contents
James Areddy
197
Paul O’Neill
205
Arthur Laffer
225
Steve Forbes
245
Additional Resources
261
Index 263
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