David M. Walker Information Roundup - Our Looming Fiscal Crisis
David M. Walker is the Comptroller General of the United States. I have blogged about him before but wanted to gather some links together regarding his attempt to warn Americans about our government's unfunded liabilities.
First, this article from the Washington Post - America's Red Ink. Here we are warned that the the Federal government has $50 trillion in unfunded liabilities. That's $440,000 per American household and was $20 trillion just 6 years ago.
Mr. Walker is involved in a Fiscal Wake-up Tour with the Heritage Foundation. The Heritage Foundation link provides links to various presentations and I will add this one - Time for the Federal Budget Process to Include Unfunded Entitlement Obligations. I recommend a viewing of one of Mr. Walker's Fiscal Wake-up Tour presentations like this one given to the Association of Advanced Life Underwriters (one of the more lengthy presentations given by him in the tour - this is in PDF format).
There is also an interview of Mr. Walker that was done on 60 Minutes - US Heading for Financial Trouble? From that interview:
First, this article from the Washington Post - America's Red Ink. Here we are warned that the the Federal government has $50 trillion in unfunded liabilities. That's $440,000 per American household and was $20 trillion just 6 years ago.
Mr. Walker is involved in a Fiscal Wake-up Tour with the Heritage Foundation. The Heritage Foundation link provides links to various presentations and I will add this one - Time for the Federal Budget Process to Include Unfunded Entitlement Obligations. I recommend a viewing of one of Mr. Walker's Fiscal Wake-up Tour presentations like this one given to the Association of Advanced Life Underwriters (one of the more lengthy presentations given by him in the tour - this is in PDF format).
There is also an interview of Mr. Walker that was done on 60 Minutes - US Heading for Financial Trouble? From that interview:
The cancer, Walker says, are massive entitlement programs we can no longer afford, exacerbated by a demographic glitch that began more than 60 years ago, a dramatic spike in the fertility rate called the "baby boom."David Walker believes this issue should be one of the top three in the coming presidential campaign but I doubt it will be given the attention it deserves.