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Top Official - US on Verge of Economic Disaster

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Top Government Official Says US on Verge of Economic Disaster


By Matt Crenson
The Associated Press
Saturday 28 October 2006

See Full Story…
http://www.truthout.org/docs_2006/102906Z.shtml
http://news.yahoo.com/s/ap/20061028/ap_on_go_ot/america_the_bankrupt

A dirty little secret everyone in Washington knows, or at least should. The vast majority of economists and budget analysts agree: The ship of state is on a disastrous course, and will founder on the reefs of economic disaster if nothing is done to correct it.

David M. Walker sure talks like he's running for office. "This is about the future of our country, our kids and grandkids," the comptroller general of the United States warns a packed hall at Austin's historic Driskill Hotel. "We the people have to rise up to make sure things get changed."

But Walker doesn't want, or need, your vote this November. He already has a job as head of the Government Accountability Office, an investigative arm of Congress that audits and evaluates the performance of the federal government.

Basically, that makes Walker the nation's accountant-in-chief. And the accountant-in-chief's professional opinion is that the American public needs to tell Washington it's time to steer the nation off the path to financial ruin.

From the hustings and the airwaves this campaign season, America's political class can be heard debating Capitol Hill sex scandals, the wisdom of the war in Iraq and which party is tougher on terror. Democrats and Republicans talk of cutting taxes to make life easier for the American people.

What they don't talk about is a dirty little secret everyone in Washington knows, or at least should. The vast majority of economists and budget analysts agree: The ship of state is on a disastrous course, and will founder on the reefs of economic disaster if nothing is done to correct it.

… snip…

See Full Story…
http://www.truthout.org/docs_2006/102906Z.shtml
http://news.yahoo.com/s/ap/20061028/ap_on_go_ot/america_the_bankrupt

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