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David Wessel simplifies the complex—and often confusing—subject of the Federal Budget. He explains where the trillions of dollars come from, where they go and why inaction over the budget imperils our future from his book Red Ink.

Guests include Assemblymember Das Williams; Stanley Kurtz exposing President Obama’s wealth distribution plans for American cities; WSJ editor David Wessel making sense of the Federal Budget; George W. Bush Institute member Brendan Miniter presenting his case for 4% GDP growth for the US; local businessman Ron Tunick talking about the credit card malfunction at the 2012 London Olympic Games; and Tom Stanton providing management lessons from the Financial Crisis.