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By Harris R. Sherline April 14, 2008 Page 2 of 2 The new federal budget of approximately $3 trillion amounts to around ten-thousand dollars for every man, woman and child in America. In addition to the annual budgets that are presumably funded with the money the federal government extracts from taxpayers, there is also the nation's little recognized obligation of some $9 trillion dollars that our legislators have incurred without voters' consent. David M. Walker, former Controller General of the United States, has been speaking around the country for over two years, delivering the message that the U.S. is rapidly going bankrupt. He believes we have only about 10 years before the situation becomes irreversible. But, even with the nation's chief accountant openly warning everyone who will listen, no one has been paying attention. Mr. Walker is not some "Chicken Little" crying, "The sky is falling," he's the real deal, perhaps the most qualified person in America, telling it like it is. As "the nation's chief accountability officer and head of the U.S. Government Accountability Office (GAO)," his mission (was) to help "... improve the performance and assure the accountability of the federal government for the benefit of the American people." (Wikipedia) Everywhere we look we see people, businesses and government entities that are upside down financially, seemingly with no way out other than bankruptcy. Unfortunately, that doesn't seem to be slowing anyone down, individuals and politicians alike, in the race to the poorhouse. What happens when we get there, you may wonder? It won't be pretty. --- NOTE: Read more of Harris Sherline's commentaries on his blog at "opinionfest.com." -------------------- Note -- The opinions expressed in this column are those of the author and do not necessarily reflect the opinions, views, and/or philosophy of GOPUSA. >> Back -- Page 1 2
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