The Sixteen-Trillion-Dollar Mistake

"This book is the first analysis of American national priorities to link social policy, military policy, tax policy, and national politics in a far-reaching critique of the way the United States expends its national resources. By chronicling the failed priorities of eleven presidencies over a seventy-three year period (1931-2004), Jansson meticulously examines how each administration struggled to prioritize its share of the $56 trillion spent over that time. However, presidents only propose budgets, while Congress actually crafts budget and tax legislation. Jansson's research analyzes many of the problems created by this usually contentious relationship between the president and Congress: exorbitant military expenditures, corporate welfare, tax breaks for affluent Americans, interest payments on excessive debt, and pork-barrel spending. In identifying $16 trillion the United States wasted during the past seven decades, The Sixteen-Trillion-Dollar Mistake points the way for greater citizen surveillance of the federal budget and affords average citizens a stronger voice in determining national priorities."--BOOK JACKET.

First sentence: Every nation must decide how much to tax its private wealth and how to spend the resulting revenues.

Year

2001

Language

English

Publisher

Columbia University Press

Editions

3

Pages

496

ISBN

9780231114325

Data source: Wikidata