The Disaster At The General Accountability Office

David Walker, the US Comptroller General of the Government Accountability Office (GAO), is interviewed about the National Debt, Deficits, Entitlement Spending, Health Care, Medicare and the pending financial crisis facing the United States. The Social Security Program will eventually stop producing surpluses and will start going negative in 2018. Currently, those surpluses are being absorbed into enormous Unified Deficits. These deficits are increasing our total National Debt at an alarming rate and more of our debt is being sold to foreign entities. If this present trend is not stopped, our tax dollars will barely cover the interest on the National Debt by 2040. Drastic action needs to be taken now, otherwise we will mortgage our future and leave our children with huge debt burdens with severe economic consequences. For more information, please visit: www.gao.gov and http://www.concordcoalition.org

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News & Politics

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• national
• debt
• banks
• irs
• goa
• general
• accounting
• office
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• stimulus
• package
• money