Keyword: davidwalker

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  • Australia tops index ranking for maintaining strong fiscal balance (US 28th)

    03/23/2011 10:31:23 PM PDT · by Dundee · 8 replies
    The Australian ^ | 24 March 2011
    A NEW study names Australia and New Zealand the leaders in "fiscal responsibility" among top industrial nations, while the United States plumbs the lower rankings at number 28. The Sovereign Fiscal Responsibility Index, developed at Stanford University, said mounting indebtedness and budget deficits put the United States in a class with troubled economies like Ireland (number 29) and Italy (27). But Australia and New Zealand, followed closely by Estonia, Sweden, and China, stand at the top for their capacity to maintain strong fiscal balances decades into the future. "There is great potential for a fiscal crisis in many countries, including...
  • U.S. Standard of Living Unsustainable Without Drastic Action, Former Top Govt. Accountant Says

    03/31/2010 1:36:13 PM PDT · by AtlasStalled · 61 replies · 1,472+ views
    Yahoo News -- Tech Ticker ^ | 03/31/10 | Heesun Wee
    A longtime budget hawk and currently CEO of the Peter G. Peterson Foundation, David Walker says America's growing long-term debt is dangerously close to passing a "tipping point" that could trigger soaring interest rates and a plummeting dollar. In a worst case scenario, that could trigger a "global depression," he says, warning: "Nobody's going to bail out America." With the U.S. facing $50 trillion in unfunded liabilities and around $62 trillion in total long-term debt, what worries Walker most is what happens after the recession dissipates, as detailed here. "I'm less concerned with the short-term deficits than I am the...
  • Warning: The Deficits Are Coming!

    09/06/2009 2:56:36 PM PDT · by BGHater · 2 replies · 578+ views
    WSJ ^ | 04 Sep 2009 | John Fund
    David Walker sounds like a modern-day Paul Revere as he warns about the country's perilous future. "We suffer from a fiscal cancer," he tells a meeting of the National Taxpayers Union, the nation's oldest anti-tax lobby. "Our off balance sheet obligations associated with Social Security and Medicare put us in a $56 trillion financial hole—and that's before the recession was officially declared last year. America now owes more than Americans are worth—and the gap is growing!" His audience sits in rapt attention. A few years ago these antitax activists would have been polite but a tad restless listening to the...
  • US Government Bankruptcy (David Walker)

    04/11/2008 8:05:38 AM PDT · by TSchmereL · 18 replies · 165+ views
    60 Minutes ^ | Unknown | 60 Minutes
    Watch this video and watch related videos. Prepare to become angry at Republicans and Democrats.
  • Learn from the fall of Rome, US warned [by GAO comptroller David Walker]

    08/13/2007 10:07:41 PM PDT · by esarlls3 · 31 replies · 1,971+ views
    Financial Times ^ | August 14, 2007 | Jeremy Grant
    Learn from the fall of Rome, US warned By Jeremy Grant in WashingtonPublished: August 14 2007 00:06 | Last updated: August 14 2007 00:06The US government is on a ‘burning platform’ of unsustainable policies and practices with fiscal deficits, chronic healthcare underfunding, immigration and overseas military commitments threatening a crisis if action is not taken soon, the country’s top government inspector has warned.David Walker, comptroller general of the US, issued the unusually downbeat assessment of his country’s future in a report that lays out what he called “chilling long-term simulations”.These include “dramatic” tax rises, slashed government services and the large-scale...
  • GAO chief warns economic disaster looms (A "Cheery" little piece from AP at election time)

    10/28/2006 1:16:36 PM PDT · by NormsRevenge · 64 replies · 2,288+ views
    AP on Yahoo ^ | 10/28/06 | Matt Crenson - ap
    AUSTIN, Texas - 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...
  • U.S. Comptroller General Warns the Nation of Economic Calamity [Fiscal Conservatism Needed Alert]

    08/03/2006 9:06:03 AM PDT · by conservativecorner · 61 replies · 2,204+ views
    NewsMax ^ | Aug. 3, 2006 | Dave Eberhart
    The Comptroller General of the United States warns the nation will go broke within a generation - unless it takes radical steps now to rein in out-of-control federal spending. In an exclusive interview with NewsMax, Comptroller David M. Walker, explained his mission: Save America from the brink of financial disaster. Walker has revealed America's collision course in computer simulations that show balancing the budget in 2040 (under the status quo of spending like there's no tomorrow) could require cutting total federal spending by an incredible 60 percent - or raising federal taxes 200 percent over today's level. Serving a 15-year...
  • The Nation's Accountant Tells It Like It Is (US Comptroller Discusses America's Fiscal Woes )

    08/03/2006 9:10:19 AM PDT · by SirLinksalot · 10 replies · 507+ views
    Newsmax ^ | 08/03/2006 | Dave Eberhart
    The Nation's Accountant Tells It Like It Is Dave Eberhart, NewsMax.com Thursday, Aug. 3, 2006 WASHINGTON -- NewsMax caught up with U.S. Comptroller General David M. Walker, who, at age 54, is a bona fide baby boomer. The energetic CPA was direct about what most motivates him: "The baby boomers are on the path to be the first generation in the history of this country not to leave the country better positioned for the future. "That is unacceptable to me, and I will continue to fight as long as I can to try to make sure that that doesn't become...
  • Suit Against Cheney Task Force Dismissed

    12/09/2002 11:18:22 AM PST · by finnman69 · 101 replies · 270+ views
    AP ^ | 12/9/02 | PETE YOST
    Suit Against Cheney Task Force Dismissed By PETE YOST, Associated Press Writer WASHINGTON (AP) - A federal judge Monday dismissed a lawsuit filed by the investigative arm of Congress against Vice President Dick Cheney's energy task force. U.S. District Judge John Bates said the case filed by Comptroller General David Walker against the vice president is an unprecedented act that raises serious separation-of-powers issues between the executive and legislative branches of government. "No court has ever before granted what the comptroller general seeks," wrote Bates, an appointee of President Bush.