Yeah, the Dems will really put us in the dog house if they raise some taxes, compared to the fiscal moderation of Bushco. This was sent to me this morning by a friend, with the caption "what have we done to ourselves". This friend is not another garden-variety know-it-all internut (like me), he's one of the most learned, accomplished and intelligent men I know.
--QS
The opinion of another shrill hysteric? Just David M. Walker, the Comptroller General of the United States and head of the GAO:
In a recent speech at the National Press Club, Walker said, "If the federal government was a private corporation and the same report came out this morning, our stock would be dropping and there would be talk about whether the company's management and directors needed a major shake-up." Walker urged greater transparency and accountability over the federal government's operations, financial condition, and fiscal outlook...
"The federal government's fiscal exposures totaled approximately $53 trillion as of September 30, 2007, up more than $2 trillion from September 30, 2006, and an increase of close to $33 trillion from about $20 trillion as of September 30, 2000," Walker said. "This translates into a current burden of about $175,000 per American or approximately $455,000 per American household." |
