THE CULTURE OF DEBT: How a Once-Proud Society Mortgaged Its Future by James V. McTevia (2010-05-03)

THE CULTURE OF DEBT is a powerful book examining how the United States drove itself to the brink of an unparalleled debt crisis and what it has to do to avoid plunging into an economic abyss. Author James V. McTevia is the foremost pioneer of what has become one of America’s growth industries – turnaround management and the liquidation of failed companies. He has seen the destructiveness of debt addiction in every form and from every angle. One thing has changed greatly since the 1993 publishing of McTevia’s BANKRUPT: A Society Living in the Future, his all-too-prophetic book on the causes and consequences of excessive debt – the situation has plummeted from serious to dire. “Debt-addicted individuals and institutions,” McTevia writes, “given half a chance or less, will keep borrowing money and live further into the future than even science fiction could predict. It appears possible the most powerful nation on Earth will find ways to loot the future all the way int