Research Catalog

Title

The price of liberty : paying for America's wars / Robert D. Hormats.

Author

Hormats, Robert D.

Publication

New York : Times Books, 2007.

Supplementary Content

• Contributor biographical information
• Publisher description

Items in the Library & Off-site

Holdings

Details

Description

xxi, 344 pages; 25 cm

Summary

"Hormats argues that the rampant borrowing to pay for the war in Iraq and the shortsighted tax cuts in the face of the "long war" on terrorism run counter to American tradition and place our security in peril. During each of the country's previous conflicts, America's leaders have altered fiscal policy to meet wartime needs, but, he observes, today the United States is trying to confront the challenges of a post-9/11 world with a pre-9/11 fiscal policy. To meet the threats facing us, Hormats contends, we must realign the nation's economic policies - on taxes, pork-barrel spending, Social Security and Medicare entitlements, energy use, and oil dependency - to safeguard our liberty and our future."--BOOK JACKET.

Subjects

• War > Economic aspects > United States
• Debts, Public > United States
• United States > Department of Defense > Appropriations and expenditures
• Finance, Public > United States > History
• United States > Armed Forces > Appropriations and expenditures
• National security > United States > Finance > History

Bibliography (note)

• Includes bibliographical references (p. [328]-330) and index.

Contents

Introduction : a country born of war and debt -- 1. Hamilton's vision : securing the nation's finances -- 2. The first great test : financial sabotage and the War of 1812 -- 3. The fiery trial : a tax to save the Union -- 4. Capitalizing patriotism : progressive finance during World War I -- 5. A righteous might : shared sacrifice during World War II -- 6. "A prolonged and complex struggle" : the threat of American bankruptcy in the Cold War -- 7. "Hard and inescapable facts" : the Great Society versus the Vietnam War -- 8. Bankrupting communism : the Reagan rearmament and deficit finance -- 9. New enemies : asymmetrical threats and the long war on terrorism -- Conclusion : the price of a long war.

ISBN

• 9780805082531
• 0805082530

LCCN

2006051416

OCLC

• OCM74569837
• 74569837
• SCSB-9054337

Owning Institutions

Columbia University Libraries