I know, I know, I'm a silly little prosimian for thinking that anyone's going to give a hoot about debt, but who knows? Maybe in the new two-party Washington, people might actually pay attention to our outrageous deficit?
Good editorial today in a local paper:
Walker is the nation's comptroller general - basically America's top accountant. And he speaks with all the fervor of an evangelist on his favorite topic: the coming train wreck that is federal finances.
If our government simply keeps conducting business as usual, he argues, our national obligations will grow far larger than the output of the country, creating a gigantic fiscal hole that could cripple the economy.
"In my view, the greatest threat to America's future isn't hiding in a cave in Pakistan or Afghanistan; it's right here at home," he told an audience in Minneapolis last month.
[snip]
Overall, the total U.S. fiscal burden - that's all of the federal government's liabilities - soared from about $20 trillion in 2000 to about $50 trillion today, according to the GAO. That's about $440,000 for each American household.
What do the Orgahs think? Is there even a vague chance that the new Washington might reign in spending? Or will the big-government wing of the G.O.P. embrace the big-government wing of the Democrats and make sweet love all night long?
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