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Where Does the Money Go? Rev Ed: Your Guided Tour to The Federal Budget Crisis
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Where Does the Money Go? Rev Ed: Your Guided Tour to The Federal Budget Crisis

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An irreverent guide that deciphers the jargon of the country's budget problem by breaking down into plain English exactly what the fat cats in Washington are arguing about.

An irreverent guide that deciphers the jargon of the country's budget problem by breaking down into plain English exactly what the fat cats in Washington are arguing about.

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Where Does the Money Go? Rev Ed: Your Guided Tour to The Federal Budget Crisis Presentation Transcript

  • 1. Where Does the Money Go?Rev Ed: Your Guided Tour to The Federal Budget Crisis by Scott Bittle & Jean Johnson
  • 2. Our elected leaders on both sides of the fence havefailed to effectively address the exploding federal debt. It’s time to cut the filibuster and get a move on! Where Does the Money Go? by Scott Bittle & Jean Johnson
  • 3. Why?
  • 4. In about 10 years, the federal debt will be as big as our entire economy. 100 percent of GDP!! We’ll be spending more on interest payments than on defense. Where Does the Money Go? by Scott Bittle & Jean Johnson
  • 5. Completely eliminating the Departments of: Education Transportation Energy Health and Human Services Agriculture Housing Urban Developmentwould save less than 25 percent of the 1.5 trillion dollar deficit. Where Does the Money Go? by Scott Bittle & Jean Johnson
  • 6. In as little as 10 years, government auditors say spending on Social Security, Medicare andMedicaid, plus interest on the debt could suck up more than 90 cents out of every tax dollar.There would be almost no money for anything else. Where Does the Money Go? by Scott Bittle & Jean Johnson
  • 7. Income tax rates are lower now than they have been for most of the last four decades.In the 1970s, top tax rates were twice as high. Where Does the Money Go? by Scott Bittle & Jean Johnson
  • 8. Solutions
  • 9. No Pointing Fingers The federal budget has been in the red for 31 out of the last 35 years, and bothPresident Bush and President Obama added trillions of dollars to the debt. Where Does the Money Go? by Scott Bittle & Jean Johnson
  • 10. Everything Has To Be On the Table•Higher Taxes•Cutting Defense•Controlling Medicare/ Medicaid Costs•Reforming Social Security•Domestic Programs Spending Cuts Where Does the Money Go? by Scott Bittle & Jean Johnson
  • 11. The Big Choice Cut Spending Tackle the Budget vs vs Raise Taxes Focus on the Economy A false choice. We can doNearly all reasonable plans more for the economy now include some of both.  and make changes to cut future deficits. Where Does the Money Go? by Scott Bittle & Jean Johnson
  • 12. Responsibility
  • 13. Be Ready to CompromiseTo solve this problem, we’ll all have to live with something we don’t like.Refusing to compromise means more delay, and that’s the one thing we can’t afford.  Where Does the Money Go? by Scott Bittle & Jean Johnson
  • 14. If We Act Quickly and Responsibly We Can Do This!
  • 15. Where Does the Money Go?An irreverent guide that deciphers thejargon of the country’s budget problem by breaking down into plain Englishexactly what the fat cats in Washington are arguing about.
  • 16. Watch the PBS feature Join the community See the slideshow Purchase the bookPublished by
  • 17. Where Does The Money Go? Rev Ed: Your Guided Tour To The Federal Budget Crisis Scott Bittle is the Director of Public Issues Analysis at Public Agenda, executive editor of PublicAgenda.org, and lead author of research reports including The Buck Stops Where? What D.C. Influencers Say About The National Debt, the Energy Learning Curve, A Place To Call Home: What Immigrants Say Now About Life In America, and Promising Practices In Online Engagement. Jean Johnson, Director of Education Insights and Director of Programs at Public Agenda, is a co- founder of PublicAgenda.org, and the author or co- author of studieson education reform, college completion and other issues in higher education, families, religion, race relations, manners and civility, retirement, welfare, and health care. Bittle and Johnson often speak and write about public policy issues, have been interviewed on numerous television and radio programs, and have blogged For more information visit together on The Huffington Post on both the deficitwww.wheredoesthemoneygo.com and issues relating to energy and climate change, the topic of their second book, Who Turned Out The Lights: Your Guided Tour To The Energy Crisis
  • 18. This presentation was created by: www.FSBAssociates.com |