Wednesday, January 23, 2008

Are We Selling America's Heritage? By Jack Ward

David Walker, the U.S. Comptroller General, is on a fiscal wakeup tour of the United States warning us of our pending fiscal disaster.  Walker has added up all the federal government’s income and compared it to all our liabilities and future obligations ($53 trillion) and has concluded that the current level of spending is unsustainable.  ($53 trillion is about the total wealth of all the American households)

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