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



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 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 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 Federal Budget Crisis That Breaks Down Into Plain English Exactly What The Fat Cats In Washington, DC Are Arguing AboutWhere Does the Money Go?: Your Guided Tour to the Federal Budget Crisis

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➢ Where Does the Money Go?: Your Guided Tour to the Federal Budget Crisis Ebook ➨ Author Scott Bittle – E17streets4all.co.uk
  • Paperback
  • 336 pages
  • Where Does the Money Go?: Your Guided Tour to the Federal Budget Crisis
  • Scott Bittle
  • English
  • 08 February 2017
  • 0061241873

10 thoughts on “Where Does the Money Go?: Your Guided Tour to the Federal Budget Crisis

  1. says:

    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 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

  2. says:

    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.

  3. says:

    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 crisis.Bittle 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 taxes revenue 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 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 crisis.Bittle 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 taxes revenue 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 Consequently, were are at the thresh hold where both programs are paying outthan 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, orcrucially, be betrayed in being able to benefit from these programs, because people DID pay into them Nevertheless, 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, i.e., 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 and or 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 option Bittle 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, i.e., it does hurt people, but they also can provide room for waste and or inefficiency Finally, even if a ny 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 good better quality 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 1.02 liter over Medicaire paying 8.68 per liter is insane That is the crux of why costs are so too, and unnecessarily high The 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, becomeinformed and empowered as to what the problem really is but to also become involved Therefore, it is also time for people to demandfrom 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

  4. says:

    issue lama boleh amek idea cari buku lebih baru untuk isu pitih

  5. says:

    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 me.But I didn t give it five sta 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 me.But 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 somedown 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

  6. says:

    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 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 Quite honestly, there s no other way than to raise taxes and or cut programs We ll see how that goes since there are an awful lot of new programs potentially promised to the public

  7. says:

    Actually I am reading the earlier 2008 edition A readable explanation of the U.S 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 ever Actually I am reading the earlier 2008 edition A readable explanation of the U.S 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

  8. says:

    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 budget tax plan and solve the deficit I figured it out in like ten minutes How do you like dem apples Greenspan

  9. says:

    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.

  10. says:

    A wonderful primer on an issue that is going to be with us for a long time, this book is quite a delight and is written from a non partisan perspective it is partisan towards reducing the debt long term, but that in and of itself is not partisan If you have any interest in current events at all this book comes highly recommended, I think it s appeal extends well beyond the wonks of the world who get paid to think about these things.

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