Tars
12-18-2007, 08:08 AM
This would be disgusting if it wasn't just so tragic for us all.
As quoted by Andrew Sullivan (https://andrewsullivan.theatlantic.com/):
David M. Walker (https://www.yubanet.com/artman/publish/article_72998.shtml), the Comptroller General of the United States and head of the GAO:
"In a speech today at the National Press Club, he 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 more than $32 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."
Complete speech (https://www.fms.treas.gov/fr/07frusg/07frusg.pdf)
As quoted by Andrew Sullivan (https://andrewsullivan.theatlantic.com/):
David M. Walker (https://www.yubanet.com/artman/publish/article_72998.shtml), the Comptroller General of the United States and head of the GAO:
"In a speech today at the National Press Club, he 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 more than $32 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."
Complete speech (https://www.fms.treas.gov/fr/07frusg/07frusg.pdf)