Red Ink: Inside the High-Stakes Politics of the Federal Budget

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Crown Business, 2012 - Business & Economics - 204 pages
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David Wessel, the Pulitzer-Prize-winning reporter, columnist, and bestselling author of In Fed We Trust, dissects the federal budget: a topic that is fiercely debated today in the halls of Congress and the media, and yet is misunderstood by the American public.

Now a New York Times bestseller.

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. Through the eyes of key people--Jacob Lew, White House director of the Office of Management and Budget; Douglas Elmendorf, director of the Congressional Budget Office; Blackstone founder and former Commerce Secretary Pete Peterson; and more--Wessel gives readers an inside look at the making of our unsustainable budget.
 

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LibraryThing Review

User Review  - diva0301 - LibraryThing

Concise, user friendly, and downright scary. Especially helpful to highlight the ways in which both parties continue to kick the can down the road, while misleading the public about easy fixes. Read full review

RED INK: Inside the High-Stakes Politics of the Federal Budget

User Review  - Jane Doe - Kirkus

Accessible overview of America's contentious deficit politics by the Wall Street Journal's economics editor.Anticipating another summer of posturing and gridlock over the federal budget as President ... Read full review

Contents

CHAPTER I
13
CHAPTER 2
33
WHERE THE MONEY GOES
69
CHAPTER 5
129
NOTES
163
BIBLIOGRAPHY
193
Copyright

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About the author (2012)

DAVID WESSEL is economics editor of The Wall Street Journal and writes "The Capital" column, a weekly look at forces shaping living standards around the world. Wessel joined The Wall Street Journal in 1983 after working at the Hartford Courant and the Boston Globe. He is a frequent guest on NPR's Morning Edition and has shared two Pulitzer Prizes. He and his wife live in Washington, D.C.

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