GAO Chief: Economic Train Wreck Ahead
(October 30th, 2006 under Economic News )
In an underreported story, David M. Walker is headlining a Fiscal Wake Up Tour of America warning of impending economic doom. Mr. Walker is the head of the General Accounting Office, the head accountant for the United States. Here are some quotes from an ABC News article:
"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.
...
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. "
Here is a link to the entire article:
http://abcnews.go.com/Politics/wireStory?id=2613135&CMP=OTC-RSSFeeds0312
Mike
This entry was posted
on Monday, October 30th, 2006 at 11:46 am and is filed under Economic News .