Tuesday, February 2, 2010

What Every American Should Know About the National Debt

A very informative article from Patricia Murphy at Politics Daily:

"David Walker is the Paul Revere of the federal budget, sounding the alarm about galloping deficits long before it was cool to talk about making revenues meet obligations. The C.P.A. and onetime Comptroller General of the United States has written a book, Comeback America: Turning the Country Around and Restoring Fiscal Responsibility. In it, he assesses the country's precarious financial situation, along with his ideas about how to put Uncle Sam's fiscal house back in order."

"Q. I know that you talk to lawmakers and testify in front of their committees, but do you have confidence that people in office get it and will do what's necessary to deal with the situation, even if it's unpopular?
A. Washington is a lagging indicator, but people around the country are starting to get it. The Massachusetts election was an expression of frustration that Washington is out of touch with reality and not working properly, especially in this area. If the people speak up, their leaders will follow. "

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