Finance, Money, Economy

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Thursday, October 14, 2010

A fiscal adult -- David M. Walker

I feel strongly about national security, but if we can't fund it properly because we are broke, we probably can't have security anyway.  Poverty breeds civil unrest and much worse.

So, how does one measure a nation's poverty?  There are several ways, but consider the national debt...  Click here to see it then recall all the faith the world has in the United States as the pinnacle of financial stability. 

What happens when that changes?  Why are some observers more worried about climate change, than global economic calamity, lawlessness and the chaos that is looming in our midst? 

We need more leaders like Mr. David M. Walker.  This post is dedicated to his mission.  Some think I'm joking when I say that what we need in Congress and the White House right now are accountants.  I'm actually quite serious.  Mr. Walker, by the way, was an Arthur Andersen partner several years ago . 

We need people who can balance a budget and say "no" and be proud to say no because it is right and just.  The only anecdote for a nation addicted to debt are politicians with the fortitude to say, "You'll be getting less now and you'll wait longer to receive it.  Sorry."

Mr. Walker appears willing to accept larger tax increases to offset spending cuts than some of us would like to see -- rather than demand proportionally-larger spending cuts.  Yet, I still admire his zeal to reclaim a fiscally-sane America.
David Walker: Wikipedia
I invite you to learn more about Mr. Walker, by clicking on this Wiki...