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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.


From the Hardcover edition.
Published: Crown Publishing Group an imprint of Random House Publishing Group on
ISBN: 9780770436155
List price: $9.99
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Availability for Red Ink by David Wessel
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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.more
A short, workmanlike review of the U.S. federal budget by a Wall Street Journal editor --- where the money goes, where it comes from, and how much it leave us owing. The book itself is politically neutral, a necessary (but infrequently found) attribute in meaningful budget discussion. Mr Wessel makes very clear the huge scope of the problem, and the fact that there are no easy solutions. He also makes it very clear that the most serious element of all is the current unwillingness of politicians to do anything about it. That ultimately reflects the fact that the American people, en masse, want more from government than they are willing to provide in tax revenues. Tough nut.more

Reviews

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.more
A short, workmanlike review of the U.S. federal budget by a Wall Street Journal editor --- where the money goes, where it comes from, and how much it leave us owing. The book itself is politically neutral, a necessary (but infrequently found) attribute in meaningful budget discussion. Mr Wessel makes very clear the huge scope of the problem, and the fact that there are no easy solutions. He also makes it very clear that the most serious element of all is the current unwillingness of politicians to do anything about it. That ultimately reflects the fact that the American people, en masse, want more from government than they are willing to provide in tax revenues. Tough nut.more
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