"This book examines the struggle between President Obama and the United States Congress to manage federal spending and tax policy for the three and one half years between 2009 and the summer of 2012. More than half the book focuses on the intense 44-day crisis in June and July 2011 when the United States came to the brink of a potentially catastrophic default on its debt."--Note to readers.

Presents the theory that the American dream, all but abandoned in the United States, has been adopted successfully in other countries, including Italy, France, Finland, Slovenia, Germany, Portugal, Norway, Tunisia, and Iceland, looking at such areas as worker benefits, public expenditure for the common good, and state-funded higher education.