Where Does the Money Go? - Moyers Interview with Bittle & Johnson

Where Does the Money Go? - In their book Where Does the Money Go - Your Guided Tour to the Federal Budget Crisis, Scott Bittle & Jean Johnson explain in understandable terms where the U.S. government spends YOUR tax dollars.

In an interview with Bill Moyers, Bittle and Jean reveal that the U.S. Government has spent more money than it received in taxes for 31 of the last 35 years. Meaning, that in good times and bad, the U.S. Government is spending more than it brings in. No company, no household, no government can spend more than it receives without consequences. Companies and households go bankrupt (or get a government bail out). The government simply borrows and prints more money, which eventually leads to a financial crisis (inflation, currency collapse, etc.)

Some think the spending problem would be solved if we left IRAQ. Not so....

Read more