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UrbanSwirl:  Lifestyles of Color

America's Financial Future by David Walker
(2 votes)


Written by ChiMeng Chang on Saturday, 08 March 2008
David M. Walker (Comptroller General of the USA) talks about our Nation's Budget Crisis.

The Comptroller General of the United States proclaims that our current standard of living is unsustainable unless drastic action is taken. He warns that funding shortfalls for the Medicare program is five times worse than Social Security, and it will take $8 TRILLION to pay for what is promised today to beneficiaries, of which we have ZERO! This unrealistic "promise" is fiscally irresponsible and is mortgaging the futures of our children and grandchildren. Watch as the federal government's dirty little secret is revealed!
The video ends with Walker stating that this is not just about numbers nor a record of fiscal irresponsibility but this is an issue of immorality. David Walker made this video for all of us: Americal's Fiscal Future.
He describes the current state of our Federal Financial condition and what our longterm fiscal outlook will be.





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beeker () 03-08-2008 15:49:46

I don't think I will see a dime from Social Security when it comes time for me to retire. I think everyone should plan for retirement as though they are not going to receive anything from the government.
Forget Social Security
Anonymous () 03-09-2008 12:52:39

Absolutely - Do Not rely on the Government for your retirement. They will not look out for you. They're spending all the money today and there will be nothing left.
You must Plan Now for your own future!
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