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Home > Political Science > Public Policy - General > Where Does the Money Go?-eBook
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Where Does the Money Go?

From the editors of the award-winning nonpartisan Web site Public Agenda Online comes this irreverent and candid guide to the federal budget crisis that breaks down into plain English exactly what the fat cats in Washington are arguing about

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 covers everything from the country's $9 trillion and growing 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 every side of the fence have so far failed to effectively address this issue and explains what you can do to protect your future.

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Title of ebook: Where Does the Money Go?
ISBN: 9780061571930
Publisher: HarperCollins e-books
Internet download file size: 4158 kb
Pages: 336
Released online for download: 02-12-2008
Author of eBook: Bittle, Scott
Joint Author: Johnson, Jean

Where Does the Money Go?

Your Guided Tour to the Federal Budget Crisis

Chapter One

The Six Points You Need to Know to Understand the Federal Budget Crisis

Finance Minister:
"Here is the Treasury Department's report, sir. I hope you'll find it clear."

Groucho Marx:
"Clear? Huh. Why, a four-year-old child could understand this report . . . Run out and find me a four-year-old child—I can't make head or tail of it."

—Duck Soup, 1933

Open any newspaper, tune in to any newscast, and someone will be tossing around billion- and trillion-dollar estimates about government spending and squabbling about the nation's finances. It certainly sounds important, but they don't make it easy for people who aren't policy wonks to understand. The numbers are mind-boggling, and the jargon is even worse. Unfunded liabilities, revenue neutral tax reform, entitlement spending, discretionary domestic programs, baseline assumptions, percentage of GDP. Faced with phrases like these, most of us reach for the remote to see what's going o ... read full excerpt from Where Does the Money Go? ebook



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