Bittle & Johnson - Your Guided Tour to the Federal Budget Crisis (2008).pdf

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FEDERAL BUDGET CRISIS
SCOTT BITTLE
& JEAN JOHNSON
YOUR GUIDED TOUR TO THE
★★★★★★★★★★★★★★★★★★★★★★★★
For our dads,
Mulford W. Bittle Jr. (1934–2000) and John J. Johnson (1917–2005)—
men who would never have left debts for their children to pay
★★★★★★★★★★★★★★★★★★★★★★★★
PREFACE
CHAPTER 1.
The Six Points You Need to Know
v
1
20
36
55
80
97
117
128
137
157
186
to Understand the Federal Budget Crisis
CHAPTER 2.
So What’s the Worst That Could Happen?
CHAPTER 3.
A Little Clarification Is in Order
CHAPTER 4.
The Tax Tour (or, Money Comes . . . )
CHAPTER 5.
And Money Goes . . .
CHAPTER 6.
Social Security and Medicare—and Why
Closing the Deficit Isn’t Enough
CHAPTER 7.
If You Think Social Security Is Bad, Wait Till
You Meet Medicare
CHAPTER 8.
Glib Answers to a Tough Problem
CHAPTER 9.
Do We Have to Throw Granny
out on the Street?
CHAPTER 10.
Waste Not, Want Not
CHAPTER 11.
The Liberals and the Conservatives

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