Where Does the Money Go? Rev Ed

Revised and Updated to Include the Probable Effects of the Great Recession, the Government Stimulus, and President Obama's Health Care OverhaulFederal 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 needsand has the rightto know. This guide to deciphering the jargon of the country's budget problem breaks down into plain English exactly what the fat cats in Washington are arguing about. Where Does the Money Go? covers everything from the country's exploding federal 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 both sides of the fence have so far failed to address this issue effectively and explains what you can do to protect your future.

Autorentext

Scott Bittle is an award-winning journalist, policy analyst, and web producer who has written extensively about the federal budget, energy, and foreign policy.

Jean Johnson writes frequently about public opinion and public policy and is the author of You Can't Do It Alone, a book on how parents, teachers, and students see education issues. Both authors are senior fellows at Public Agenda and blog frequently for the Huffington Post, National Geographic, and other outlets.

Klappentext

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 breaks down into plain English exactly what the fat cats in Washington are arguing about. Where Does the Money Go? covers everything from the country's exploding federal 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 both sides of the fence have so far failed to address this issue effectively and explains what you can do to protect your future.