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☉ [PDF / Epub] ☆ Where Does the Money Go?: Your Guided Tour to the Federal Budget Crisis By Scott Bittle ❤ – Jobs-in-kingston.co.uk “A book that manages to be entertaining and irreverent while serving as an informative primer on a subject that is crucial to the future of all Americans” —New York Times Before you vote in a “A book that manages the Money Epub ß to be entertaining and irreverent while serving as an informative primer on a subject that is crucial to the future of all Americans” —New York Times Before you vote in Where Does eBook ☆ a national election you should ask yourself Where Does the Money Go The acclaimed and essential work by Scott Biddle and Jean Johnson has been updated to reflect the recent financial crisis and Does the Money ePUB ↠ the sweeping legislation passed by the Obama administration in its first years Nonpartisan and well balanced Where Does the Money Go is a candid eye opening and delightfully irreverent guide to the ongoing Does the Money Go?: Your Epub / federal budget crisis that breaks down into plain English exactly what the Fat Cats in Washington DC are arguing about. This was an interesting and frightening basic introduction to the federal budget as a topic of debate Finance is not my area of expertise and I hadn't realized to what extended we are overextended as a country nor did I have a general understanding of how money moved through the government The authors provide actually numbers and percentages so that it is easy to see how big each segment of government expenditure is There are several simple charts to emphasize the main points and plenty of humor throughout Abstractions and complex programs are conveyed simply Data is footnoted and most numbers seem to come from primary sources the Congressional Budget Office etcI don't feel better having read this book particularly since the authors keep waving the flag of budgetary catastrophe in one had the flag of reasoned partisan compromise on difficult and debatable solutions in the other The clearest message I took from this is that social security Medicaid and debt service will consume every tax dollar taken in within the next 30 years or sooner if action isn't taken now and that we as a society not only don't have a plan we are actively avoiding looking for one This may be because reasonable people may seriously disagree on possible solutions which is beyond the scope of this book The appendix and the text itself provides several areas on the web to check out the information or to research the topics further Both conversative and liberal sources are sited and the authors don't seem impartial I'll admit I'm not enough of a partisan to recognize all instances of bias so you'll have to judge the last for yourself I found this book to be a good basic introduction to the topic This book explains in very simple terms what is causing our huge budget problems Sometimes a bit repetitive Also although he claims to not choose sides with either political party I find his criticism of failed Democratic policies to be harsher than that of failed Republican policies still though both parties' blunders are shown In all though a very clear reasoning is given as well as what others have postulated as possible solutions This is a scarily frank book which was written in 2008 but the point of the book still is the danger is looming unless we do something about our irreparable budget crisisBittle and Johnson take the reader on a broken down but informative tour as to how the United States money system works It takes us through what taxesrevenue comes in and what it is spent on; they also take us through the national debt That is very scary as what is telling IS our economy is being kept alive on what this country borrows Finally Bittle and Johnson alert us to the looming and overgrown cherry on the cake which IS the projected and by now 2019 actual expenses of Sccial Security and Medicaire Conseuently were are at the thresh hold where both programs are paying out than they are taking in to pay for them Okay the authors nor I contend that neither program be scrapped and people be thrown into poverty or crucially be betrayed in being able to benefit from these programs because people DID pay into themNevertheless the other side of the story and a crucial point of this book is to inform and warn the reader as to how the United States money system actually works so we the people can demand and enforce accountability for our fiscal situation Part of why the problem is not addressed is because we and our representatives don’t treat it as a looming problem that has to be dealt with It’s ‘far better’ to go on with business as usual until the problem explodes ie foreign governments don’t lend to the United States any; the United States economy collapses or foreign governments decide that the United States is no longer a safe place to invest their money or Social Security andor Medicaire costs grow too fast that the economy goes bust and cannot actually pay out the benefits that it has promised Ignoring the looming problem be it from our representatives or us the people is not an optionBittle and Johnson also provide the standard platforms from both sides of the political aisle on how to ‘fix’ the problem However each side’s solution only goes but so far Moreover each side’s solutions are not so cut and dry ie it does hurt people but they also can provide room for waste andor inefficiency Finally even if any solution is executed it won’t address nor resolve our looming national debt nor the looming Social Security and Medicaire debt The biggest observable problem that screams here is Medicaire costs Bittle and Johnson rightfully weigh out the benefits of new technology and new means for people to live longer and have a goodbetter uality of life However these things still cost So a balance needs to be struck between paying and therefore enjoying these benefits without being ripped off in the process The passage about the Veterans Administration’s being able to obtain saline solution for 102 liter over Medicaire paying 868 per liter is insane That is the crux of why costs are so too and unnecessarily highThe book is also highly informative insofar as providing reference materials so the reader can not only read the information for oneself –yes it’s time to do one’s own research and therefore become informed and empowered as to what the problem really is – but to also become involved Therefore it is also time for people to demand from their representatives but to also do something toward addressing and hopefully resolving the looming federal budget crisis We have tom re think and re consider what we want with the feasibility to pay for it The book was mostly fairly simple to follow The comparisons between Presidents George W Bush and Barack Obama were very interesting shows how they are very similar I enjoyed the chapter that allows the reader to take a stab at balancing the budget For me that was interesting to look at but I think most people wouldn't try or even look at the existing allocations I also liked the list of resources at the end of the book They will definitely provide use to meBut I didn't give it five stars for a reason There are two First I noted the book was mostly fairly simple to follow At times I found myself having to review some of the material because I just didn't really understand it I know the budget can be difficult but I would have liked some down to earth explanations of the complex areas Second the theme was focused on a combination of tax increases and budget cuts What I would have appreciated was a brainstorm of other possibilities to deal with the federal budget Still this is a very good book and worth a read I really enjoyed this book particularly as I was reading it just prior to the election The authors present the federal budget and associated causes issues etc in a nonpartisan fashion Regardless of your current knowledge of the subject I'd recommend this to anyone I knew relatively little about it other than people are always talking about how we won't get social security when we're old even though we're paying into the program now Among many other topics Medicare defense interest on the debt the book fully addresses this issue explaining how it happened and what options we have to fix it It affected how I voted in the election and I really hope that the new administration will do something about the huge debt and yearly deficit that the US has uite honestly there's no other way than to raise taxes andor cut programs We'll see how that goes since there are an awful lot of new programs potentially promised to the public Who knew that the 9 trillion dollar federal debt could make such light reading?Lots of graphs footnotes and one off stories make the material of this book easier and faster to read than some It may lack a bit of depth compared to Pete Peters or someone of his ilk but makes up for it in reach and readability Plus in one of the last chapters you get to make your own federal budgettax plan and solve the deficit I figured it out in like ten minutes How do you like dem' apples Greenspan Actually I am reading the earlier 2008 edition A readable explanation of the US's fiscal woes how we got to this point and what it's going to take to fix the situation Along the lines of a Dummies book but not as jumpy The authors take pains to present the facts and to describe positions on both sides Every voter needs to educate themselves about this critical issue and let their representatives know how they feel about it Finished Giving it five stars for importance and I urge everyone to read it Gives sources for further information for those inclined to learn This book was released three to six months before anyone uttered the phrase global financial crisis regarding the current end of 2008 situation It made no predictions but it sure seems timely now Anyone of my generation who thinks entitlements like medicare and social security have any chance of surviving until such point in time as we'll be eligible for them should read this before our nation goes even further into debt If you have ever wondered Where does the money go? then this book is for you Scott Bittle and Jean Johnson have made a real contribution to our collective understanding of the federal budget crisis Their non partisan account provides a much needed corrective to the heightened discourse and finger pointing that obfuscates the real danger lurking in our growing national debt I would put this book onto the list of recommended reading for every American Absolutely terrifying the magnitude of the problem This is meteor headed for Washington tomorrow run screaming in the streets big and we are doing nothing I did a budget exercise in here and I slashed and burned redesigned the military and foreign policy overhauled social services and cut everything at least a little I raised taxes I didn't come within a mile of balancing the budget I was astounded I believe I will start building my bunker now for the inevitable economic crash

Where Does the Money Go?: Your Guided Tour to the Federal
  • Paperback
  • 336 pages
  • Where Does the Money Go?: Your Guided Tour to the Federal Budget Crisis
  • Scott Bittle
  • English
  • 17 February 2014
  • 9780061241871