A Country in Debt

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While many critics of the current economy use antiquated events (the Great Depression being the most popular) to explain what is happening today, Gearhardt and Gates understand that a bigger picture is needed.

It was the best of times, it was the worst of times

New non-fiction tells how a once wealthy U.S. loses itself in debt and what we can do to right its wrong.

We are not a world unaccustomed to bad times. Epidemics, famines, religious persecutions – we’ve seen it all. And, more importantly, we survived it all. But even as we live our own version of A Tale of Two Cities – “It was the best of times, it was the worst of times” – what we ideally crave is understanding. How did we get here and how can we get out? While the news bombards us with terms such as “federal deficit,” “national debt,” and “deficit spending,” very rarely does the meaning behind those words ever break through the rhetoric. Authors Mike Gearhardt and Will Gates are out to change that.

Gearhardt and Gates combine over 70 years of financial experience in their new book The Financial Tsunami: Will It Drown Us in a Wave of Debt? (published by AuthorHouse). Leveraging their wealth of knowledge in finance, sales and marketing, they have crafted the go-to resource for anyone seeking to understand our current economic environment.

In the words of John B. Mumford, Chairman and CEO of America Future Watch Foundation:

Mike Gearhardt and Will Gates have opened the eyes of the non-accountant, the head of each family and the innocent taxpayer to lay out the facts in clear language and daunting pictorials. Every citizen is now able to see his or her nation’s financial future in stark terms. And the picture is not a good one.

While many critics of the current economy use antiquated events (the Great Depression being the most popular) to explain what is happening today, Gearhardt and Gates understand that a bigger picture is needed.

“For over four decades,” they write, “the United States of America has been a global leader in fiscal irresponsibility as our national debt grew from $380 billion to over $13.7 trillion. Attempting to draw parallels to past economic situations only serves to confuse and understate the problem. Today our economy is in uncharted waters.”

With a full analysis of the problem and clear solutions to its remedy, The Financial Tsunami is a must-read for anyone working, spending or taxpaying in our current times.

Mike Gearhardt has over 30 years of experience in accounting and finance. He has served as Executive Vice President and CFO of a publicly traded government service provider. He resides in Kettering, Ohio and Orange County, Florida.

Will Gates has over 40 years of experience in marketing and sales at several Fortune 500 companies. He has also owned and operated several small businesses and has dealt with government procurement. He resides in Orange County, Florida.

They are partners in Arete Group, Inc. located in Winter Garden, Florida.

AuthorHouse is a premier book publisher for emerging, self-published authors. For more information, please visit http://www.authorhouse.com.

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