Improving Government Borrowing Practices

Government debt at all levels has become excessive and can be highly damaging to national interests. Clearly, improved debt management is required from the national level down. This book focuses on the US with lessons from and for all indebted levels of government across the globe. Traditional financial measures and beliefs such as the concepts of a risk free rate, effective debt sponsored government stimulus programs, unlimited taxation capabilities, unfunded future government liabilities, and the debt to GDP ratio among others are discussed and challenged. The recommendations outlined herein demonstrate how to employ taxpayer capital more efficiently and effectively by using metrics and control measures to ensure taxpayer funds are not wasted but properly employed to maximum effect. Nations, states and provinces, counties, and municipalities can employ these concepts in their efforts to combat future recessions while concurrently creating a more stable economy resulting in long term regional and national wealth. This book is a must read for anyone involved with government debt financing.