Thursday, March 23, 2006

Comptroller General Predicts Fiscal Crisis Unless Government Reforms

Comptroller General Predicts Fiscal Crisis Unless Government Reforms:

"Plagued by waste, fraud, abuse, and mismanagement, the government must reconsider longstanding policies to sustain its superpower status and leave the country better positioned for the future. “Washington is out of control,” Walker asserted, not blaming anyone in particular. “I mean this on a nonpartisan basis.

“We could eliminate every dime of waste…and this nation would still have large and growing structural deficits,” Walker said. There are “too many layers, too many players, too many turf battles, and too many hardened silos.”

In order to make the necessary changes, the government needs more leaders with courage, integrity, creativity, and stewardship and who are willing to reform entitlement policies, namely Social Security, Medicare, and Medicaid. The government also needs to re-engineer the base of spending and re-evaluate tax policies."

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