Host: National Center for Policy Analysis. As comptroller general of the United States and head of the Government Accountability Office (GAO)—”the nation’s top auditor”—David M. Walker warned Congress and the administration as the federal surplus became a giant deficit under George W. Bush. Walker believes that by 2030, absent significant reforms to current government programs and policies, federal taxes could double from current levels. If our foreign creditors—such as China—decide to buy fewer of our treasury bonds, interest rates will rise and cars and homes will become less affordable. Walker is one of America’s most capable, canny, candid, and independent financial experts. He is also author of Comeback America: Turning the Country Around and Restoring Fiscal Responsibility. In this manifesto, Walker creates a tough-minded, innovative, and inspiring guide to help America avoid the approaching economic abyss and put the country back on track again.
Added by insideronline on December 1, 2009