Learn To Protect Your Network
The economy and fiddling |
| Published: August 14, 2007, 12:46 pm |
| Tags: economics, congress, taxation, domestic policy |
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Learn from the fall of Rome, US warned The US government is on a burning platform' of unsustainable policies and practices with fiscal deficits, chronic healthcare underfunding, immigration and overseas military commitments threatening a crisis if action is not taken soon, the country's top government inspector has warned. David Walker, comptroller general of the US, issued the unusually downbeat assessment of his country's future in a report that lays out what he called chilling long-term simulations . These include dramatic tax rises, slashed government services and the large-scale dumping by foreign governments of holdings of US debt. [snip] Mr Walker's views carry weight because he is a non-partisan figure in charge of the Government Accountability Office, often described as the investigative arm of the US Congress. [snip] The fiscal imbalance meant the US was on a path toward an explosion of debt . With the looming retirement of baby boomers, [ Full article ] |
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