David Walker is one of the most respected accountants in the country. His dismal exposé on the financial crisis we face is neither that of an alarmist nor politically motivated. Why are our elected officials leading America into bankrupcy?
http://www.cbsnews.com/stories/2007/03/01/60minutes/main2528226.shtml
2007-03-05 02:36:12 · 6 answers · asked by Hemingway 4 in Politics & Government ➔ Politics
SANTA BUD: Either you didn't read the transcript or you never passed your Economics 101 class.
2007-03-05 03:36:17 · update #1
The mega-wealthy are not concerned about financial catastrophes. They'll just fly off to their private islands and wait it out.
2007-03-05 02:43:49 · answer #1 · answered by kappalokka 3 · 0⤊ 0⤋
George Bush isnt ignoring it what do you think he came up with the personnel accounts for social security its the rest of the congress whos ignoring it. But of course George on the other hand is spending us into bankruptcy so it doesnt really matter i think it is almost inevitable we are on an irreversible path toward bankruptcy in which the govt will have to raise taxes and social security to unprecedented levels in a few years because even though lower taxes produces more revenue i think even that theory will bottom out when the social security nightmare occurs.
2007-03-05 10:55:47 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Because the elites are planning the fall of America, the necessary event before they will be able to convince Americans to submit to a global government, run by the financial and political elites. Research the national debt and the US central bank which control are money and operates for a profit.
2007-03-05 10:41:20 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Ignoring? No! It's coming! Even the president when he made the budget didn't take into account the war!! A war that's costing trillions. We are all going to have to pony up and pay for it. Just like when one gets a credit card. It can be used but the bill will come in the mail and it's got to be paid.
2007-03-05 11:37:15 · answer #4 · answered by wondermom 6 · 0⤊ 0⤋
To put it simply, because any crisis that will happen will be AFTER the next election. Which is generally what politicians only seem to care about - the next election. There are very few long-term visionaries in office.
2007-03-05 11:24:45 · answer #5 · answered by American citizen and taxpayer 7 · 0⤊ 0⤋
What are you talking about?? Why is this the first we've heard about it? Why is an accountants viewpoint the resounding truth about the issue? On what FACTS is he basing this prediction?
2007-03-05 10:41:01 · answer #6 · answered by SantaBud 6 · 0⤊ 0⤋