Is the United States headed for fiscal crisis?

This video is about David Walker, the Comptroller General of the United States. He’s the nations top accountant, and runs the General Accounting Office, the agency responsible for auditing the books of the federal budget.

David believes that current record deficits, coupled with the crippling weight of entitlement programs like Medicare will soon bankrupt the United States. He has given up on congress, and has taken his message to you, the average man. It’s short, so please watch the video, it certainly is eye-opening.

David Walker resigned this past Friday, citing an inability to get this message out as one of his reasons.  His next position will be as the president and CEO of the newly founded Peter G. Peterson Foundation.  The foundation’s mission statement from their web site:

The mission of The Peter G. Peterson Foundation is to enhance public understanding of the nature and urgency of selected key sustainability challenges that threaten America’s future, to propose sensible and workable solutions to address these challenges and to build public will to do something about them.

“As comptroller general of the United States,” said David Walker, the federal government’s top accountant, “there are real limitations on what I can do and say in connection with key public policy issues, especially issues that directly relate to G.A.O.’s client – the Congress.”

“While I love both my job as comptroller general and the GAO,” said Walker, “I love my country more. And I believe that leading this foundation represents a unique opportunity and will be good for my country. My new position will provide me with the ability and resources to more aggressively address a range of current and emerging challenges facing our country, including advocating specific policy solutions and courses of action.”

Sounds like a good man left an untenable situation to me.

About these ads

One Response to Is the United States headed for fiscal crisis?

  1. Jack says:

    I was recently reading about David Walker’s resignation on the link below. They were also talking about the documentary that he contributed to, I.O.U.S.A. which talks about his views on the fiscal troubles we have ahead. If you are interested, it’s a good read.

    http://www.agorafinancial.com/5min/david-walker-resigns/

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Follow

Get every new post delivered to your Inbox.

%d bloggers like this: