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

Where Does the Money Go?: Your Guided Tour to the Federal Budget Crisis | Scott Bittle, Jean Johnson | Federal Budget Problems

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Where Does the Mon...

	Where Does the Money Go?: Your Guided Tour to the Federal Budget Crisis Scott Bittle, Jean Johnson Collins, 2008 - 336 pages average customer review:based on 12 reviews view larger image
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highly recommended

From the editors of the award-winning nonpartisan Web site Public Agenda Online comes this 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. This guide to deciphering the jargon of the country's budget problem covers everything from the country's $9 trillion and growing debt to the fact that, for thirty-one out of the last thirty-five 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.

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Jaunty in tone; but serious in purpose

This book is designed to initiate the average reader who lives outside the beltway into some of the most important dimensions of the federal budget crisis --both as to today as well as looking into the future. The authors are quite skillful in using charts and illustrations, and a sometimes humorous approach, to discuss these concepts. And it is a sobering topic to be sure, since it involves Medicare, Social Security, the national debt, deficits, and other cheery topics. One only need read the second chapter ("So what's the worse that come happen?") to get scared out of their socks. That is, are we in year X (which is not too far away) going to be in a situation where the entire federal budgetary income can only be spent on Medicare, Social Security, a bit for national defense, and the rest to cover interest payments on the national debt? The authors take the reader step by step through what are the problems, how they developed into a serious crisis, some often mentioned but not realistic proposed solutions, and the defects of the political system which have contributed to the situation. For even those of us who live within the beltway, there is much to be learned from the book. For example, I was not aware that fully 34.8% of the federal budget income is derived from payments into Social Security, Medicare and other federal insurance programs. Unlike regular income from taxes, at some point in the future this increment will have to be paid back when those systems need the money. Multiply this figure times a decade or two and you begin to see the problem. About as palatable an introduction to this topic as one is likely to encounter.

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Federal Budget Problems

This is an excellent book which describes in understandable terms the problems with the federal budget deficits and growing national debt

Where Does the Money Go?

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

This is a very readable review of the federal budget, the problems of deficit spending and the national debt. Most important, it explains the reasons for doing something now and possible solutions to address the problem. TRhis should be mandatory reading before the November elections.

What Is the Money Going For?

Where Does the Money Go? Your Guided Tour to the Federal Budget Crisis by Scott Brittle and Jean Johnson reminds readers how much of our tax dollars are returned to us in the form of Social Security and Medicare. And, every year there is more health care to buy. Brittle and Johnson also offer suggestions and recommendations for the future but the main objective is to convince citizens that the crisis has been slow in coming and will take a lot of unavoidable sacrafices. The primary focus is on America's health care expenditures while the money spent on military defense is not an option that is as thoroughly examined.

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reviews: page 1, 2, 3

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