Download Red Ink: Inside the High-Stakes Politics of the Federal by David Wessel PDF

By David Wessel

David Wessel, the Pulitzer-Prize-winning reporter, columnist, and bestselling writer of In Fed We Trust, dissects the federal price range: an issue that's fiercely debated this present day within the halls of Congress and the media, and but is misunderstood by means of the yankee public.

Now a New York Times bestseller.

In a sweeping narrative in regards to the humans and the politics at the back of the funds, Wessel appears to be like on the 2011 monetary 12 months (which ended September 30) to work out the place the entire cash was once truly spent, and why the price range strategy has grown wildly uncontrolled. in the course of the eyes of key people--Jacob Lew, White residence director of the workplace of administration and price range; Douglas Elmendorf, director of the Congressional funds workplace; Blackstone founder and previous trade Secretary Pete Peterson; and more--Wessel supplies readers an inside of examine the making of our unsustainable funds.

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By David Wessel

David Wessel, the Pulitzer-Prize-winning reporter, columnist, and bestselling writer of In Fed We Trust, dissects the federal price range: an issue that's fiercely debated this present day within the halls of Congress and the media, and but is misunderstood by means of the yankee public.

Now a New York Times bestseller.

In a sweeping narrative in regards to the humans and the politics at the back of the funds, Wessel appears to be like on the 2011 monetary 12 months (which ended September 30) to work out the place the entire cash was once truly spent, and why the price range strategy has grown wildly uncontrolled. in the course of the eyes of key people--Jacob Lew, White residence director of the workplace of administration and price range; Douglas Elmendorf, director of the Congressional funds workplace; Blackstone founder and previous trade Secretary Pete Peterson; and more--Wessel supplies readers an inside of examine the making of our unsustainable funds.

Show description

Read or Download Red Ink: Inside the High-Stakes Politics of the Federal Budget PDF

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

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The point is, simply, that our infrastructure deficits are huge, glaringly incommensurate with our aspirations as a first world nation — and, that, now, for once in a lifetime, we have both the revenue and compelling economic justifications for doing something about it. Huge reconstructions change expectations, create opportunities and fire up the national imagination. Third, it is a commonplace of political sociology that progressive and modernising social movements — of which the women’s movement, the peace movement, and environmental and conservation movements are the most notable instances — can only make way in the face of organised political power when entrenched opposing interests are in disarray.

4 His words were, ‘If you stop pedalling the bike falls over’. He was speaking explicitly about the dynamics of change as an advocate for top-down, ‘crash-through’ economic functionalism. He might just as easily have said that the only way to maintain the momentum of reform is to keep the whole national population reeling on the back foot. What I heard in this justification for a general strategy were two admissions. First, he was admitting that there was no consensus for economic reform and, implicitly, that public policy deliberations are futile and a waste of political time and economic opportunity.

Neo-liberalism (and the attendant phenomena of globalisation or economic rationalism) has imposed its own strictures on states and governments everywhere. But are we the only society that has surrendered its charter myths, and its images of its own future, to the dull compulsions of the markets? Or could it be that there is once again a potential for a positive, constructive, re-emergence of nation-building governance. Is there a potential to stop the tail from wagging the dog and to once again draw the markets into the service of the people?

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