US Government Is Unaffordable and Unsustainable, Says David Walker
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Former Comptroller General of the United States David Walker talks about the trouble with Obamacare and the sky-high national debt… how much to spend on national defense… and outlines his top 3 reforms to fix the US government.
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Here are a few highlights:
“America can definitely be made great again. It’s not too late, but what we need is a wakeup call, a call to action and a specific course correction to try to be able to make sure that we don’t repeat history.”
“President Obama promised … that he was going to be a uniter rather than a divider, and unfortunately, he hasn’t done that. Our financial condition today is much worse than when President Obama took office. Frankly, from George Washington, who was our first president, to William Jefferson Clinton, who was our 42nd president, we only accumulated $5.5 trillion in debt—and now we’re up to $17.5 trillion.”
“The government is going to always do more for the poor, for the disabled, and for the military, but … promises way too much and it subsidizes way too many people, and the result of that is that it creates a system that is unaffordable and unsustainable.”
“What a lot of people don’t realize is built into the Affordable Care Act, is a bailout provision for insurance companies. So that taxpayers are probably going to be on the hook for, you know, some large payments due to meet those guarantees.”
I don’t understand. AP news reported this morning GDP is up, unemployment is down, consumer spending is up, housing market is up, bankruptcies down, the people believe they are fine. Don’t worry, be happy.
We really are on the back side of that slippery slope aren’t we? The people just don’t understand the more they demand of their government, the more it will cost them going forward.
Can Americans trade the whole US gov’t to Putin for Snowden?
& Vlad, use extreme prejudice.
What’s sustainable about having 100 million people on welfare? or 12 million people on disability? We have more people on welfare than the entire population of Germany. Obamacare is just another entitlement program, using money redistributed from productive people and companies, and subsidizing more free healthcare. More people dependent on the government and voting democrat.
“America can definitely be made great again. It’s not too late”
This is patently wrong. The FSA, union drone government employees and Mexicans now form a majority that will vote socialist liberal progressive democrats into office until we collapse. There’s no stopping it; who’s going to cut the free shit? In one generation, whites will be a minority; the same whites that built this country. The parasitic and cancerous FSA will drain the lifeblood of this country until there is nothing left, then the government will confiscate your IRA, savings, and anything else they want to redistribute to the FSA and union government drones. We’re finished, a dead country walking.
Get rid of welfare and the buffoons on the hill woud just increase military / intelligence spending by the same amount under the guise of patriotism and national security and then increase the scope of the NSA, DHS, TSA alphabet soup launch more sattelites drones and high tech over-cost jets.
“America can definitely be made great again. It’s not too late, ” ——– from the article
“This is patently wrong.” ———- AWD
Yeah, my first thought when I read that was “WTF???”. That guy needs to spend more time on TBP. He needs to learn to Embrace The Doom. These positive thinkers can go blow me. DOOM, mutherfucker!!
David Walker coined the name of this website.
Yet another Washington insider who has seen the error of his ways while drawing a federal retirement check.
Unbelievable!
Wonderful website. Lots of useful information here. I’m sending it to a few buddies ans also
sharing in delicious. And certainly, thank you in your effort!