Excerpt
PAUL SOLMAN (Newshour): You have heard the numbers before, federal budget, $3.6 trillion, deficit $1 trillion, debt $16 trillion. But where do all the trillions actually go? Anything we can do about them?
The Wall Street Journal's David Wessel has written a primer, "Red Ink," to itemize and explain. So we asked Wessel to take us on a D.C. budget tour to give us the hard truths and hard answers, starting on Capitol Hill.
OK, this may be a little hokey, but we're in the House Budget Committee room. I'm sitting in the chairman's seat. And since I ask questions on behalf of the American public, I ask you, the expert on the budget, what do we need to know about it?
DAVID WESSEL, The Wall Street Journal: You know, one of the reasons I did the book was because of the times I have sat in this room and heard Democrats and Republicans argue about the budget. And you would never know if you were an outsider listening what were they talking about, because it would be impossible for all the things they say to be true.
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