Books, Arts & Manners: The Last Angry Puritan

Facing Up: How to Rescue the Economy from Crushing Debt & Restore the American Dream, by Peter G. Peterson (Simon & Schuster, 411 pp., $22)

PETE PETERSON, a son of Greek immigrants, has written a major puritan sermon on the theme “How to Rescue the Economy from Crushing Debt and Restore the American Dream.” His subthemes: Don’t borrow to finance consumption. Save for a rainy day. Think of the children. We are all sinners and we must all sacrifice.

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William Niskanen

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Facing Up: How to Rescue the Economy from Crushing Debt & Restore the American Dream, by Peter G. Peterson (Simon & Schuster, 411 pp., $22)

PETE PETERSON, a son of Greek immigrants, has written a major puritan sermon on the theme “How to Rescue the Economy from Crushing Debt and Restore the American Dream.” His subthemes: Don’t borrow to finance consumption. Save for a rainy day. Think of the children. We are all sinners and we must all sacrifice.