Where Does the Money Go? Rev Ed: Your Guided Tour to the Federal Budget Crisis (Guided Tour of the Economy) Info

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class=MsoNormal>“A book that manages to be entertaining and
irreverent while serving as an informative primer on a subject that is
crucial to the future of all Americans.”
 —New
York Times
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10pt"> 

Before you vote in a national election,
you should ask yourself: Where Does the Money Go? The
acclaimed and essential work by Scott Biddle and Jean Johnson has been
updated to reflect the recent financial crisis and the sweeping
legislation passed by the Obama administration in its first years.
Nonpartisan and well-balanced, Where Does the Money Go? is a
candid, eye-opening, and delightfully irreverent guide to the ongoing
federal budget crisis that breaks-down into plain English exactly what
the Fat Cats in Washington, D.C. are arguing
about.


Average Ratings and Reviews
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4.41

187 Ratings

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Reviews for Where Does the Money Go? Rev Ed: Your Guided Tour to the Federal Budget Crisis (Guided Tour of the Economy):

4

Feb 01, 2010

This book explains in very simple terms what is causing our huge budget problems. Sometimes a bit repetitive. Also, although he claims to not choose sides with either political party, I find his criticism of failed Democratic policies to be harsher than that of failed Republican policies - still though, both parties' blunders are shown. In all though, a very clear reasoning is given, as well as what others have postulated as possible solutions.
3

Oct 22, 2008

This was an interesting (and frightening) basic introduction to the federal budget as a topic of debate. Finance is not my area of expertise and I hadn't realized to what extended we are overextended as a country nor did I have a general understanding of how money moved through the government. The authors provide actually numbers and percentages, so that it is easy to see how big each segment of government expenditure is. There are several simple charts to emphasize the main points and plenty of This was an interesting (and frightening) basic introduction to the federal budget as a topic of debate. Finance is not my area of expertise and I hadn't realized to what extended we are overextended as a country nor did I have a general understanding of how money moved through the government. The authors provide actually numbers and percentages, so that it is easy to see how big each segment of government expenditure is. There are several simple charts to emphasize the main points and plenty of humor throughout. Abstractions and complex programs are conveyed simply. Data is footnoted and most numbers seem to come from primary sources (the Congressional Budget Office, etc.).

I don't feel better having read this book, particularly since the authors keep waving the flag of budgetary catastrophe in one had the flag of reasoned partisan compromise on difficult and debatable solutions in the other. The clearest message I took from this is that social security, Medicaid, and debt service will consume every tax dollar taken in within the next 30 years (or sooner) if action isn't taken now and that we as a society not only don't have a plan, we are actively avoiding looking for one. This may be because reasonable people may seriously disagree on possible solutions, which is beyond the scope of this book.

The appendix (and the text itself) provides several areas on the web to check out the information or to research the topics further. Both conversative and liberal sources are sited and the authors don't seem impartial (I'll admit, I'm not enough of a partisan to recognize all instances of bias, so you'll have to judge the last for yourself).

I found this book to be a good, basic introduction to the topic. ...more
4

Jun 14, 2013

Prophetic. Still relevant. Easy to read and with a clear message.
0

Nov 08, 2008

funny, and lament explaination of problems and solutions. Excellent resouce provider.
4

Feb 11, 2008

I recommend this to everyone - it's a frightening wake-up call, but it doesn't make the problem seem hopeless (as long as we act NOW).
2

Mar 03, 2013

A bit repetitive, but a good read. If you pay attention to real news (as opposed to political pundit news) you probably know a lot whats in here. I recommend borrowing it instead of buying it. A bit repetitive, but a good read. If you pay attention to real news (as opposed to political pundit news) you probably know a lot what’s in here. I recommend borrowing it instead of buying it. ...more
5

Mar 03, 2009

Very interesting look at the fiscal crisis. Examines potential solutions and explains why the sound-bite answers just won't cut it.
3

Apr 30, 2008

good book to have read. A little glib, maybe could have used an editor or proofreader, but still ok
3

Jan 12, 2010

well-written, informative (to a novice); a law should be passed requiring all registered voters to read this book
5

Aug 11, 2008

An excellent high level and simple explanation of the impending budget crisis and where the current gov't money goes. Everyone should at least read this to understand how the gov't spends their tax dollars.
3

Jan 02, 2013

An simple and amusing description of what is going on with the national debt. I read the 2006 version. I am tempted to read the 2011 version to see what they say about all the changes that have taken place in that time and their reaction to 2008.
5

Feb 05, 2010

This book is an excellant non-partisan explanation of the budget crisis. Although it was written before the 2008 election and refers to policy at that time, it is still relevant for today. Perfect primer for understanding the financial issues the US is facing today.
4

Jul 25, 2008

Great nonpartisan book that gives a great overview of the U.S. budget crisis and what it means for those of us who will be retiring after the Boomer Generation. We definitely have some hard choices ahead of us.
4

Jun 01, 2016

Excellent introduction to the budget. Unfortunately, things change so quickly that this book was probably out of date quickly after it was released, but the concepts and overall themes of the book are spot on.
5

Dec 12, 2008

Interested in why our country is trillions of dollars in debt? (That's over $10,000,000,000,000.00) This will help you get your answers. I'm not totally sold on the suggestions for reducing the debt (why the hell CAN'T we stop spending so much money on war? why not talk more frankly about government waste and cronyism), but still learned a lot from this book.
4

Jul 24, 2014

I read the 2011 version, which is updated and includes the ACA and increased national debt. Though not all solutions are included to decrease the national debt this is a very valuable book to anyone interested in understanding the financial crisis in Washington. It is an easy read and is even humorous at times. I would recommend it to anyone.
4

Sep 24, 2011

Absolutely terrifying, the magnitude of the problem. This is meteor-headed-for-Washington-tomorrow, run screaming in the streets big and we are doing nothing. I did a budget exercise in here and I slashed and burned: redesigned the military and foreign policy, overhauled social services and cut everything at least a little. I raised taxes. I didn't come within a mile of balancing the budget. I was astounded. I believe I will start building my bunker now, for the inevitable economic crash.
4

Feb 16, 2010

If you have ever wondered, "Where does the money go?", then this book is for you. Scott Bittle and Jean Johnson have made a real contribution to our collective understanding of the federal budget crisis. Their non-partisan account provides a much needed corrective to the heightened discourse and finger pointing that obfuscates the real danger lurking in our growing national debt. I would put this book onto the list of recommended reading for every American.
4

Feb 17, 2013

A wonderful primer on an issue that is going to be with us for a long time, this book is quite a delight and is written from a non-partisan perspective (it is partisan towards reducing the debt long term, but that in and of itself is not partisan). If you have any interest in current events at all this book comes highly recommended, I think it's appeal extends well beyond the wonks of the world who get paid to think about these things.
5

Dec 29, 2008

This book was released three to six months before anyone uttered the phrase "global financial crisis" regarding the current (end of 2008) situation. It made no predictions, but it sure seems timely now. Anyone of my generation who thinks entitlements like medicare and social security have any chance of surviving until such point in time as we'll be eligible for them should read this before our nation goes even further into debt.
4

Mar 22, 2008

Who knew that the 9 trillion dollar federal debt could make such light reading?

Lots of graphs, footnotes and one-off stories make the material of this book easier and faster to read than some. It may lack a bit of depth (compared to Pete Peters or someone of his ilk) but makes up for it in reach and readability.

Plus, in one of the last chapters you get to make your own federal budget/tax plan and solve the deficit. I figured it out in like ten minutes! How do you like dem' apples Greenspan!



5

Aug 01, 2011

Actually I am reading the earlier (2008) edition. A readable explanation of the U.S.'s fiscal woes, how we got to this point, and what it's going to take to fix the situation. Along the lines of a Dummies book, but not as jumpy. The authors take pains to present the facts and to describe positions on both sides. Every voter needs to educate themselves about this critical issue and let their representatives know how they feel about it.

Finished. Giving it five stars for importance and I urge Actually I am reading the earlier (2008) edition. A readable explanation of the U.S.'s fiscal woes, how we got to this point, and what it's going to take to fix the situation. Along the lines of a Dummies book, but not as jumpy. The authors take pains to present the facts and to describe positions on both sides. Every voter needs to educate themselves about this critical issue and let their representatives know how they feel about it.

Finished. Giving it five stars for importance and I urge everyone to read it. Gives sources for further information for those inclined to learn more.

...more
5

Oct 08, 2008

I really enjoyed this book, particularly as I was reading it just prior to the election. The authors present the federal budget and associated causes, issues, etc. in a nonpartisan fashion. Regardless of your current knowledge of the subject, I'd recommend this to anyone. I knew relatively little about it other than people are always talking about how "we" won't get social security when we're old even though we're paying into the program now. Among many other topics (Medicare, defense, interest I really enjoyed this book, particularly as I was reading it just prior to the election. The authors present the federal budget and associated causes, issues, etc. in a nonpartisan fashion. Regardless of your current knowledge of the subject, I'd recommend this to anyone. I knew relatively little about it other than people are always talking about how "we" won't get social security when we're old even though we're paying into the program now. Among many other topics (Medicare, defense, interest on the debt), the book fully addresses this issue, explaining how it happened and what options we have to fix it. It affected how I voted in the election, and I really hope that the new administration will do something about the huge debt (and yearly deficit) that the US has. Quite honestly, there's no other way than to raise taxes and/or cut programs. We'll see how that goes since there are an awful lot of new programs potentially promised to the public... ...more
4

Oct 04, 2012

The book was mostly fairly simple to follow. The comparisons between Presidents George W. Bush and Barack Obama were very interesting - shows how they are very similar. I enjoyed the chapter that allows the reader to take a stab at balancing the budget. For me that was interesting to look at, but I think most people wouldn't try or even look at the existing allocations. I also liked the list of resources at the end of the book. They will definitely provide use to me.

But I didn't give it five The book was mostly fairly simple to follow. The comparisons between Presidents George W. Bush and Barack Obama were very interesting - shows how they are very similar. I enjoyed the chapter that allows the reader to take a stab at balancing the budget. For me that was interesting to look at, but I think most people wouldn't try or even look at the existing allocations. I also liked the list of resources at the end of the book. They will definitely provide use to me.

But I didn't give it five stars for a reason. There are two. First, I noted the book was mostly fairly simple to follow. At times I found myself having to review some of the material because I just didn't really understand it. I know the budget can be difficult, but I would have liked some more down-to-earth explanations of the complex areas. Second, the theme was focused on a combination of tax increases and budget cuts. What I would have appreciated was a brainstorm of other possibilities to deal with the federal budget. Still this is a very good book and worth a read. ...more
1

May 31, 2017

issue lama . boleh amek idea.
cari buku lebih baru untuk isu pitih

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