You owe over $400,000 to cover America’s debt. Got the money??
John Fund Interviews David Walker: The Deficits Are Coming! - WSJ.com
Warning: The Deficits Are Coming!
The former head of the Government Accountability Office is on a crusade to alert taxpayers to their true obligations.
By JOHN FUND
Washington, D.C.
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!"
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