Is the Debt War Over?

Canadian government successes in achieving balanced budgets has allowed for greater spending on debt reduction, but competing calls for tax cuts and new spending raise the question of whether debt reduction efforts are sufficient. Ragan and Watson (both of the department of economics, McGill U., Canada) present eight chapters, with commentary, on this and corollary questions. Chapters address the actual extent of public debt, the ethics of public indebtedness, the reasons for changes in debt-to-GDP rations, the impact of the debt on the economy, the relative merits of debt reduction efforts. Distributed in the US by Cornell U. Press Services. Annotation ©2004 Book News, Inc., Portland, OR