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Where Does the Money Go? Rev Ed: Your Guided Tour to the Federal Budget Crisis

by Scott Bittle and Jean Johnson

Published by Harper

Read Excerpt

Newly Revised and Updated

Updated to reflect on the financial crisis of 2008-09 and the sweeping legislation passed by the Obama administration in its first year, this is an irreverent and candid guide to the federal budget crisis that breaks down into plain English exactly what the Fat Cats in Washington are arguing about.

Federal debt will affect your savings, your retirement, your mortgage, your health care, and your children. How well do you understand the government decisions that will end up coming out of your pocket? Here is essential information that every American citizen needs - - and has the right - - to know.

Now revised and updated to include current predictions about the effects of the Great Recession and President Obama’s healthcare overhaul, this guide to deciphering the jargon of the country’s budget problem covers everything from the country’s $12 trillion and growing debt to the fact that, for 31 out of the last 35 years, the country has spent more on government programs and services than it has collected in taxes. It also explores why elected leaders on every side of the fence have so far failed to effectively address this issue and explains what you can do to protect YOUR future.


pub date: 2011-01-18 | Paperback | 9780062023476