White House Burning

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The book offers a detailed analysis of America's debt crisis, tracing its origins and the factors contributing to its severity, including macroeconomic shifts, the influence of Reaganism, and demographic changes. The authors, Simon Johnson and James Kwak, highlight the implications of national debt on daily life and the challenges of addressing it in the current political climate. They contrast past debt repayment strategies with today's difficulties, emphasizing how recent financial turmoil has intensified the crisis and hindered potential solutions.