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

door David Wessel

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Business. Politics. Nonfiction. HTML:*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 b… (meer)

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"Should be a first port of call for American voters sadly misinformed about their federal budget." -- Financial Times

I couldn't agree more. (

)

btbell_lt | Aug 1, 2022 |

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. (

)

diva0301 | Apr 24, 2013 |

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. (

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annbury | Aug 8, 2012 |

I'm don't know about anyone else, but when my wages go up so do my taxes - no matter what the author says in this book. (

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virg144 | Aug 1, 2012 |

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David Wessel

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Business. Politics. Nonfiction. HTML: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 b

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