The Krile Files

Bad Business

December 18, 2007 · Leave a Comment

They’ll ignore this report. You know they will. Leaving another mess for the next administration to deal with.

GAO: If Gov’t Were A Business, ‘Our Stock Would Be Dropping’ And We’d Need A ‘Major Shake-Up’

Yesterday, the Treasury Department released a troubling financial report that revealed the federal government’s “total liabilities and unfunded commitments for future payments” related to Social Security and Medicare are now estimated at $53 trillion, up from $20 trillion in 2000. In a speech yesterday at the National Press Club, GAO Comptroller General David Walker said: If the [...]

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Categories: Bush Administration · Economy · Taxes

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