“A fiscal cancer”
US Comptroller General
Is it really greater than a $50 Trillion unfunded liabilities?
With nearly 80 Million retires per year for the next 20 years as
Boomers mass retirement demands will BK the USA, claims Walker!
Healthcare costs: Medicare costs are 5 times greater then Social Security costs
Prescription drugs for retired are 8 trillion unfunded obligation alone.
Revealing investigative news report on the real fiscal caner that will end up bankrupting the United States. US Comptroller General David Walker discusses the Dirty Little Secret Everyone In Washington Knows. Entitlement programs, baby boomer generation, medicare and the prescription drug bill.
A simulation is a hypothetical—a “what if?” The long-term simulations produced by GAO’s model illustrate the potential budgetary implications of different policy choices. Each simulation represents a bundle of budgetary and policy assumptions carried far out into the future. The simulations are not intended as predictions about the future. Rather, they can facilitate comparisons of the potential differing long-term budgetary consequences of alternative fiscal policy paths. For example, the chart above shows the growing fiscal imbalance under one set of assumptions. Comparing long-term simulations with different assumptions can help bring a longer term perspective to bear on today’s decisions.
Watch the entire 60 Minute David Walker Interview
