Red Ink by David Wessel
Inside the High-Stakes Politics of the Federal Budget

83%

6 Critic Reviews

Red Ink is a call to action by every major constituency in the United State to address both the revenue side and expenses of the federal government before the debt reaches crisis levels.
-Blog Critics

Synopsis

David Wessel, the Pulitzer-Prize-winning reporter, columnist, and bestselling author of In Fed We Trust, dissects the federal budget: a topic that is fiercely debated today in the halls of Congress and the media, and yet is misunderstood by the American public.

Now a New York Times bestseller.

In a sweeping narrative about the people and the politics behind the budget, Wessel looks at the 2011 fiscal year (which ended September 30) to see where all the money was actually spent, and why the budget process has grown wildly out of control. Through the eyes of key people--Jacob Lew, White House director of the Office of Management and Budget; Douglas Elmendorf, director of the Congressional Budget Office; Blackstone founder and former Commerce Secretary Pete Peterson; and more--Wessel gives readers an inside look at the making of our unsustainable budget.


From the Hardcover edition.
 

About David Wessel

See more books from this Author
DAVID WESSEL is the economics editor of The Wall Street Journal and writes the Capital column, a weekly look at the forces shaping living standards around the world. David has shared two Pulitzer Prizes, one for Boston Globe stories in 1983 on the persistence of racism in Boston and the other for stories in The Wall Street Journal in 2002 on corporate wrongdoing. He appears frequently on National Public Radio and is a regular on PBS's Washington Week.
 
Published July 31, 2012 by Crown Business. 208 pages
Genres: Business & Economics, Political & Social Sciences. Non-fiction
Bestseller Status:
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Peak Rank on Aug 19 2012
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Weeks as Bestseller
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Critic reviews for Red Ink
All: 6 | Positive: 5 | Negative: 1

Blog Critics

Excellent
Reviewed by Joseph Maresca on Aug 13 2012

Red Ink is a call to action by every major constituency in the United State to address both the revenue side and expenses of the federal government before the debt reaches crisis levels.

Read Full Review of Red Ink: Inside the High-Stak... | See more reviews from Blog Critics

Salon

Below average
Reviewed by Andrew Leonard on Jul 27 2012

There’s a reason why we can’t seem to make any progress on our fiscal mess: One of our two political parties has gone nuts. Wessel explicitly chooses not to make this clear in his treatment of our national budget debacle

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Reason Magazine

Excellent
Reviewed by Peter Suderman on Aug 31 2012

There’s an awful lot that Americans don’t know about the budget, and there’s quite a bit to learn from Wessel’s readable and generally fair book.

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Inside Higher Ed

Excellent
Reviewed by Joshua Kim

The fact that Wessel managed to be both passionate and nonpartisan in Red Ink is an impressive achievement.

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The Finance Professional's Post

Excellent
Reviewed by Bill Hayes on Oct 31 2012

Financial professionals should have a realistic view of the core of our capital markets—the US Federal Budget, and our government debt. Red Ink should be on everyone's must-read list.

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800-ceo-read

Good
Reviewed by dylan on Aug 06 2012

If you’re interested that dialogue and in further education instead of soundbites and the pontification of pundits this election season, then this is certainly a book for you.

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Reader Rating for Red Ink
79%

An aggregated and normalized score based on 172 user ratings from iDreamBooks & iTunes


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