Warning: The Deficits Are Coming!

Posted in the Lagrange Forum

Since: Aug 08

LaGrange, IN

#1 Jan 11, 2010
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!"

His audience sits in rapt attention. A few years ago these antitax activists would have been polite but a tad restless listening to the former head of the Government Accountability Office, the nation's auditor-in-chief. Higher taxes is what hikes their blood pressure the most, but the profligate spending of the Bush and Obama administrations has put them in a mood to listen to this green-eyeshade Cassandra. "He's so unlike most politicians," says Sharron Angle, a former state legislator from Nevada, "his message is clear, detailed and with no varnish."

Since: Aug 08

LaGrange, IN

#2 Jan 11, 2010

Since: Aug 08

LaGrange, IN

#3 Jan 11, 2010
Bill

Sturgis, MI

#4 Jun 2, 2010
Share the wealth, tired of these rich whinners crying about their (not mine) taxes going up. Thank you Obama!

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