Is the United States headed for fiscal crisis?

February 18, 2008

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.


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