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To embrace a solution, first you had better understand the problem.
THE FISCAL CLIFF is a timely, no-nonsense account of our country’s current financial predicament and the precipitous fall that may soon come. Using the most up-to-date government and private sector data, economists Ayse Imrohoroglu and Selahattin Imrohoroglu offer a nuts-and-bolts primer to those who want to better understand the real fiscal crisis behind today’s headlines and rhetoric. Unafraid to mince words, these authors recount the good, the bad, and the ugly of America’s economic past, present, and future. Invoking two key economic principles, the Imrohoroglus highlight a specific bipartisan budget proposal as one possible means for the United States to avert financial calamity. They make a quantitative, qualitative, and compelling case. By all means, check their work.
- Sales Rank: #4858088 in Books
- Brand: Brand: Ending Spending
- Published on: 2012-07-12
- Original language: English
- Number of items: 1
- Dimensions: 9.00" h x .47" w x 6.00" l, .63 pounds
- Binding: Paperback
- 208 pages
- Used Book in Good Condition
About the Author
Ayse Imrohoroglu is a professor of finance and business economics at the University of Southern California’s Marshall School of Business, where she has served as chair of the Finance and Business Economics Department. She specializes in business cycles, inflation, unemployment insurance, and Social Security. She is also an editor of the European Economic Review.
Selahattin Imrohoroglu is a professor of finance and business economics at the University of Southern California’s Marshall School of Business, where he is the academic director and assistant dean of the IBEAR MBA program. He specializes in taxes, savings, and Social Security.
Most helpful customer reviews
1 of 1 people found the following review helpful.
Well-written but liberals will hate it.
By FrankZ
My husband bought this book and ask me to read it, which I did, and discovered it to be filled with common sense explanations for why the USA is in its financial mess. Liberals will hate it, though (we are Independents), simply because the facts are backed up by...well...facts!
0 of 0 people found the following review helpful.
Decipherable for non-fiscal types
By Marian R. Van Til
My husband is the money person in the family (he's a CFO). I'm not fiscally/financially illiterate but my eyes do tend to glaze over when people get into the gritty details of finances and economics, corporate or national (and sometimes even personal). However, like many Americans, I presume, I have been very concerned about what is moving us toward our national "fiscal cliff" and how it might be solved. That's why I read this book. The authors do a clear job, for us non-fiscal types, of laying out the situation, explaining details, including with understandable graphs, and offering their approach to a solution. Their solution resembles the Erskine-Bowles recommendations that President Obama called for, then ignored. That solution is looking better all the time, it seems. If you want a concise but knowledgeable explanation of this subject, this is a good place to start, I think.
0 of 0 people found the following review helpful.
A tired, familiar and false story line
By J. Davis
A mediocre book, with familiar and worn out scare mongering --the sky is falling if we don't cut "entitlements" soon. The Fiscal Cliff was written before the deficit shrunk as a result of economic growth and some cuts mandated by the "sequestration." Not that that fact stops the right-wing Chicken Littles. The scare over the deficit is just an excuse to cut social programs they don't like.
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