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Red Ink: Inside the High
August 7, 2012 @ 12:00 am
Make sure to read David's Wall Street Journal article,
Everything You Ever Wanted To Know About The Budget* *But Were Afraid to Ask .
About the Author – David Wessel is the economics editor of The Wall Street Journal and writes the Capital column, a weekly look at the forces shaping living standards around the world. David has shared two Pulitzer Prizes, one for Boston Globe stories in 1983 on the persistence of racism in Boston and the other for stories in The Wall Street Journal in 2002 on corporate wrongdoing. He appears frequently on National Public Radio and is a regular on PBS's Washington Week.
About the Book – Where the trillions come from, where they go, and why inaction imperils our future
In a compelling narrative about the people and politics behind the federal budget, Wall Street Journal economics editor David Wessel, author of the New York Times bestseller In Fed We Trust, looks at how the federal government actually spends the taxpayers’ money, where the money comes from and why the budget is on an unsustainable trajectory.
Few topics are more contentious or more consequential than the federal budget. For one thing, the numbers boggle the mind. The U.S. government spent $3.6 trillion in fiscal 2011—$400 million an hour—more than $30,000 per household. That is as much as all the goods and services produced by the entire economy of Germany, the fifth-largest economy in the world.