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Red Ink

Inside the High-stakes Politics of the Federal Budget
Wessel, David (Book - 2012 )
Average Rating: 3.5 stars out of 5.
Red Ink
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In a sweeping narrative about the people and the politics behind the budget, Wessel looks at the 2011 fiscal year (which ended September 30) to see where all the money was actually spent, and why the budget process has grown wildly out of control.
Authors: Wessel, David
Title: Red ink
inside the high-stakes politics of the federal budget
Publisher: New York : Crown Business, c2012
Edition: 1st ed
Characteristics: 204 p. :,ill. ;,22 cm
Contents: Spending $400 million an hour
How we got here
Where the money goes
Where the money comes from
Why this can't go on forever
Summary: In a sweeping narrative about the people and the politics behind the budget, Wessel looks at the 2011 fiscal year (which ended September 30) to see where all the money was actually spent, and why the budget process has grown wildly out of control.
ISBN: 0770436145
9780770436155
9780770436148
Statement of Responsibility: David Wessel
Bibliography: Includes bibliographical references (p. 193-194) and index
Subject Headings: Debts, Public United States Deficit financing United States Budget deficits United States Budget United States
Topical Term: Debts, Public
Deficit financing
Budget deficits
Budget
LCCN: 2012011819
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Apr 20, 2014
  • StarGladiator rated this: 0.5 stars out of 5.

Oh, wow, people, Wessel [who claims on NPR there is some sort of government agency which miraculously tracks every American who is, and is not, looking for employment] looks through the eyes of ??? key people ??? like Jacob Lew, who was unable to pay off his mortgage loans while employed at NYU, so they paid them off for him [no doubt for ending the collective bargaining rights of grad students there], and who received his bonuses at Citi through TARP bailout funds, i.e., taxpayer monies; and Pete Peterson, who has done more harm to the American tax base, through all that private equity leveraged buyouts, destroying companies, employment, asset stripping and dramatically increasing debt, than the next 1,000 Wall Streeters combined!

Sep 10, 2012
  • binational rated this: 2 stars out of 5.

If you want an uncontroversial statement of pure conventional wisdom à la Wall Street Journal, this one is for you. I learned nothing from it.

Sep 06, 2012
  • mnack rated this: 4 stars out of 5.

A 'must read' for anyone interested in getting past the partisan dialogue about our economic situation to learn where we really are.

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