Some great videos from David Walker - Until last month, he was the Comptroller General of the US.
This guy knows (or should know) his stuff and he's concerned about our financial future. We simply CANNOT keep going at this. Social security and Medicare are going to swamp us if we don't change something.
By something, I mean ANYTHING but what we are doing. If we want socicial security and social health insurance, that's an option, but we have to actually PAY for it. We must stop borrowing and deficit spending. If it's the "right thing to do" as some claim, then they must support raising the taxes to pay for it. You can't have it both ways like we've been doing.
Here's a 60-Minutes video of Mr. Walker
Wednesday, April 16, 2008
David Walker - Big Numbers and they're all Bad.
Posted by Michael at 4/16/2008 09:35:00 AM PERMALINK
Labels: Economics, Economy, Federal Budget, Tax
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