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

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Crown Publishing Group, Jul 31, 2012 - Business & Economics - 208 pages
The Pulitzer-Prize-winning reporter, columnist, and bestselling author of In Fed We Trust, dissects the federal budget in this New York Times bestseller.

In a sweeping narrative about the people and the politics behind the budget--a topic that is fiercely debated today in the halls of Congress and the media, and yet is often misunderstood by the American public--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, including 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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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  - 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
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About the author (2012)

David Wessel is a senior fellow in Economic Studies at Brookings and director of the Hutchins Center on Fiscal and Monetary Policy. Previously, he was the economics editor of The Wall Street Journal where he wrote "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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