Running on Empty

How the Democratic and Republican Parties Are Bankrupting Our Future and What Americans Can Do About It

Peter G. Peterson

Picador

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The national bestseller, described by Tom Brokaw as the “wake-up call we cannot ignore,” with a new preface by the author

Acclaimed by all sides of the political spectrum, Peter Peterson's Running on Empty not only traces the deterioration of America’s finances but offers solutions. This national bestseller is required reading for everyone concerned with America’s long-term economic survival. In clear and concise prose, Peterson offers America not only a vision but the practical steps by which to ensure our children’s economic future. Running on Empty is not only a warning, it is also a manifesto calling for the next administration to finally confront a deep and disturbing problem that politicians of all parties have insisted on ignoring for too long.

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Book Excerpts

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Running on Empty
Chapter 1BANKRUPT PARTIES, BANKRUPT NATIONWhen the towers fell, I was out of town attending a corporate board meeting (which promptly adjourned) and spent the rest of the day watching cable news and trying to call my wife and family in Manhattan. Four days later, when I finally managed to get a plane home, I saw a New York--and an America--transformed. I saw parents doting on their kids and neighbors helping neighbors and college students lining up to donate blood and cars and streets in a sea of flags. Out of tears and tragedy there came a new sense of community purpose and

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Reviews

Praise for Running on Empty

"Sobering, urgent, and evenhanded." --Bryce Christensen, Booklist

"With precision and punch, Mr. Peterson...blames both parties for conniving against fiscal common sense, he puts the present administration in a class of its own....Mr. Peterson writes, 'This administration and the Republican Congress have presided over the biggest, most reckless deterioration of American’s finances in history.' Unfortunately, fixing the federal budget will require more than just cleaning up after the Bush administration, Mr. Peterson warns." --Christopher Caldwell, The New York Times

"Unusually clear and accessible, logically consistent, and highly convincing...It's a rare pleasure to see both political parties chastised equally." --Howard Marks, Los Angeles Times

"Lucid, powerful, and alarming...[By] the next presidential election (in 2008), the dire fiscal future that Peterson eloquently describes...will already have arrived." --Michael Mandelbaum, Newsday

"Unlike most analytic and policy-prescriptive books [Running on Empty] is lively and plainly written....[Peterson] is a certified establishmentarian. But he is also a Nebraska straight talker who calls ’em as he sees ’em....Persuasive...his 'Repent, for the end is near' warning is entirely appropriate." --Ted Van Dyk, The Washington Post

"Running on Empty far exceeds the sum of its statistics and predictions. For Peterson's book poses a central moral question: How much should America spend on the ‘past’--benefits for retirees—at the expense of the ‘future’—a growing economy for unborn generations?" --The New York Post

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About the Author

Peter G. Peterson

Peter G. Peterson is the author of Gray Dawn: How the Coming Age Wave Will Transform America--and the World. He is chairman of The Blackstone Group and chairman
of The Council on Foreign Relations.

Peter G. Peterson

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Available Formats and Book Details

Running on Empty
How the Democratic and Republican Parties Are Bankrupting Our Future and What Americans Can Do About It
Peter G. Peterson

Trade Paperback

Trade Paperback
Picador
July 2005
Trade Paperback
ISBN: 9780312424626
ISBN10: 0312424620
5 1/2 x 8 1/4 inches, 288 pages, Includes notes with two tables
$16.00

e-Book Agency

e-Book Agency
Farrar, Straus and Giroux
August 2004
e-Book Agency
ISBN: 9780374704919
ISBN10: 0374704910
272 pages
$9.99
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From The Publisher

Picador

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