Our government debt is rising every day. Our population is shifting as more people retire and fewer are able to find work. Our social programs, including the Affordable Care Act, are only adding to our financial burden, and rising taxes are hindering economic growth. We are a nation in the red.
A powerful wake-up call to leaders, investors, and citizens, this brilliantly researched book reveals the surprising truth about our national debt–and what we can do about it.
- How reckless spending by Congress has created a debt trap
- How Obamacare will negatively affect health care costs and our economy
- How Social Security really works–and why it’s unsustainable in its current form
- How changing interest rates could spell disaster for the United States
- What America can learn from Europe’s economic woes
- What could happen if the United States defaults on its loans
- What our government needs to do now to save us from collapse
- What you can do to protect yourself and your family
Written in clear, concise language and backed with ample data and sometimes shocking facts, A Nation in the Red presents a reasoned, straightforward approach to one of the most controversial issues of our time. You’ll discover the fascinating psychological reasons that have helped create our debt trap, the staggering price of FDR’s New Deal and LBJ’s Great Society, and the real cost of entitlement programs like Medicare, Social Security, and welfare. You’ll learn about the 2,200 federal programs that we’re all paying for–and the truth about Bush-era tax cuts versus Obama’s tax hikes. You’ll also discover how the five most obvious ways to reduce debt may–or may not–be the solution to our country’s problems.
And most importantly, you’ll learn how to protect your own wealth from the next financial crisis.
About The Author
MURRAY T. HOLLAND is a resident of Dallas, Texas. He graduated in 1975 from Washington and Lee University with a B.S. in Chemistry and Biology. He earned an M.B.A. from the University of Virginia in 1978 and a law degree from Washington and Lee University School of Law in 1980. During the 1980s, he practiced corporate and securities law with Akin, Gump, Strauss, Hauer and Feld in Dallas, Texas, where he made partner. In 1987, he became an investment banker in New York with First Boston and later moved to Kidder, Peabody & Co. where he was a Managing Director. In the early 1990s, he started the private equity firm of Convergent Associates, based in Dallas, Texas.
He became Chairman of the Board and Chief Executive Officer of Convergent Media Systems Corporation, Atlanta, Georgia, from 1992 through January 2006 when the company was sold. Mr. Holland was also principal shareholder and Chairman of the Board of Convergent Group Corporation, Denver, Colorado, from June 1993 through August 1999 when the company was sold, and principal shareholder and Chairman and Chief Executive Officer of BTI Americas, Inc. from February 1995 through June 1998 when the Company was sold. These companies were in the software, systems integration, travel and network businesses, had 4,600 employees and offices around the world.