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 . 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.)
~ Scott Bittle & Jean Johnson
The War on Terror is only part of the problem. Government must cut other spending as well. The big targets, social security and medicare, are the infamous "third rail" of politics (as in, touch the third rail and you die).
Politicians aren't martyrs. So it's up to us, the people, to take back the responsibility our government continues to ignore.
Bill Moyers Journal - Watch & Listen | PBS - Bill Moyers interviews Where Does the Money Go? authors Scott Bittle and Jean Johnson.
|Where Does the Money Go? |
Your Guided Tour to the Federal Budget Crisis
by Scott Bittle & Jean Johnson