David Walker is the nation's top accountant, the comptroller general of the United States. "..the current health care system is way too expensive, and overrated. On cost we're number one in the world. We spend 50 percent more of our economy on health care than any nation on earth," Walker says. "We have the largest uninsured population of any major industrialized nation. We have above average infant mortality, below average life expectancy, and much higher than average medical error rates for an industrialized nation....." (is he confirming Michael Moore's Sicko?). "You know the American people, I tell you, they are absolutely starved for two things: the truth, and leadership," Walker says. (What's he saying, the free people are being lied to?????) He calls it a fiscal wake up tour, and he is telling civic groups, university forums and newspaper editorial boards that the U.S. has spent, promised, and borrowed itself into such a deep hole it will be unable to climb out if it does not act now. As Walker sees it, the survival of the republic is at stake. Add to this the Trouble with Physics and the energy stagnation the last 50 years, and we have a tsunami of ultimate magnitude heading our way U.S. Heading For Financial Trouble?
July 8, 2007
(CBS) This segment was originally broadcast on March 4, 2007. It was updated on July 8, 2007. When the stock market soars or plunges, everyone pays attention. But short term results aren't that important to the man you're about to meet. David Walker thinks the biggest economic peril facing the nation is being ignored, and for nearly two years now he has been traveling the country like an Old Testament prophet, urging people to wake up before its too late. Who is David Walker and why should we care? As correspondent Steve Kroft first reported earlier this year, he is the nation's top accountant, the comptroller general of the United States. He's totaled up our government's income, liabilities, and future obligations and concluded that our current standard of living is unsustainable unless some drastic action is taken. And he's not alone. It's been called the "dirty little secret everyone in Washington knows" – a set of financial truths so inconvenient that most elected officials don't even want to talk about them, which is exactly why David Walker does. ..full text
July 8, 2007
(CBS) This segment was originally broadcast on March 4, 2007. It was updated on July 8, 2007. When the stock market soars or plunges, everyone pays attention. But short term results aren't that important to the man you're about to meet. David Walker thinks the biggest economic peril facing the nation is being ignored, and for nearly two years now he has been traveling the country like an Old Testament prophet, urging people to wake up before its too late. Who is David Walker and why should we care? As correspondent Steve Kroft first reported earlier this year, he is the nation's top accountant, the comptroller general of the United States. He's totaled up our government's income, liabilities, and future obligations and concluded that our current standard of living is unsustainable unless some drastic action is taken. And he's not alone. It's been called the "dirty little secret everyone in Washington knows" – a set of financial truths so inconvenient that most elected officials don't even want to talk about them, which is exactly why David Walker does. ..full text
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