The Sixteen Trillion Dollar Mistake

Download or read book The Sixteen-Trillion-Dollar Mistake written by Bruce S. Jansson and published by Columbia University Press. This book was released on 2002-09-04 with total page 520 pages. Available in PDF, EPUB and Kindle. Book excerpt: Choices about budget priorities are arguably the most important made by the federal government, profoundly affecting the well-being of citizens. Bruce Jansson documents how presidents from FDR to Clinton have made ill-advised choices that wasted trillions of dollars. Going beyond charges of corruption or bureaucratic waste, the book is an eye-opening exposé revealing innumerable useless projects (military as well as civilian), unnecessary tax concessions, and the use of interest payments to cover deficit spending, among other costly mistakes. Using Office of Management and Budget projections through 2004, Jansson shows how the madness continues—and how an informed electorate can put an end to it.