Linda Mcquaigs Shooting The Hippo: Causes And Results Of Debt :: essays research papers fc

Linda McQuaigs Shooting The Hippo Causes and Results of DebtLinda McQuaigs most recent book, "Shooting the Hippo" is about the causes andresults of the debt. It is a look at both the factual causes and the argumentswhich are merely presented to us through the various elements of the media.McQuaig delivers an insightful overview of the extensive media coverage whichhas bombarded us over the then(prenominal) few years. "With the excitement of a mysterywriter, McQuaig tells the real story behind the debt." . This book explains thehistory of the deficit myth, and enables people such as myself who are notexperienced in these types of problems to get to the heart of the argumentspresented so frequently about our financial situation. I found her book aninspiration which will hopefully facilitate us all to devote ourselves to the enormouschallenge which we will face in the future. We are responsible to inform andeducate ourselves, our friends, our families and neighbours i n the difficult years ahead.To explain McQuaigs title Ill briefly describe the beginning of the "mystery."A baby hippo, born in a zoo, is to be shot because of recent governmentcutbacks which abjure nothing to feed or care for the hippo. This image grabs theattention of the reader and leads to numerous other examples which McQuaig usesto break down the popular myths about the deficit. McQuaig, determined to menace one by one, several of the current myths about the state of the Canadianeconomy, backs up her arguments with interviews and publications. These includea chief statistician at Statistics Canada who has been working on the statisticsof social spending since the middle 60s the man at Moodys bond judge servicein New York who is in charge of setting the credit rating on our federal debtand noteworthy economists, among others.The book goes on in its investigation as to why the recession in Canada was theworst of the worlds most powerful nations. It is noted that if th ere is asimple way to explain the reason for most of the recession then it will in turnaccount for most of the emergence in the debt. McQuaig also presents a bit ofhistory of banking, monetary systems, and the struggle of the conflicts betweenthe rich minority and the rest of us. All of this is presented in a realreadable and interesting manner.McQuaig asks an intriguing question to all of us. Are we prepared to see oursocial programs sacrificed in order to reduce the deficit?