Monday, July 09, 2007

Our real economic future?

Maybe all those dire predictions about our impending doom globally are correct. But, if we put our stock in all those climate "experts," should we not also put stock in the financial "experts" who also have a doom and gloom outlook for this country if we continue on the entitlement course we have set for ourselves?

The US Comptroller General David Walker is forecasting a future of dire consequences for failing to act fiscally responsible. 60 minutes originally aired this in March and rebroadcast it on July 8.

CBS sixty minutes report

I am reminded of the FRAM oil filter commercials about paying now or paying later. What is it going to take to get both Democrats and the GOP on board to deal with this before we all end up flat broke and busted?

Now before everyone gets bent outta shape about Walker, it should be noted that he took office in 1998 during the Clinton administration, and the Comptroller General serves a term of fifteen years, designed to keep the General Accounting office bipartisan and not prone to cronyism and political bias. The office deals with the numbers, and in this case, the numbers don't lie.

It seems to me that we are in deep doo doo, and our elected officials, from Washington on down aren't doing diddly to solve the problem. When we talk about what we are leaving our children and grandchildren, isn't this legacy just as important? Is any candidate speaking to this really or just paying lip service and skirting the issue?

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This also appears at the blog site of the Democratic Party. To read any comments that people have made about this brief essay please read it there.

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