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Diane Publishing Books
Long-Term Budget Outlook: Savings and Deficits
David M. Walker (au)
Includes two statements before Congress by David Walker: (1) “Saving Our Future Requires Tough Choices Today.” (2) “Deficits Matter -- Saving Our Future Requires Tough Choices Today.” In both statements Walker asserts that: Our current financial condition is worse than advertised; Our long-term fiscal outlook is both imprudent & unsustainable; Improvements in information & processes are needed & can help. Meeting our long-term fiscal challenge will require: (a) significant entitlement reform to change the path of those programs; (b) reprioritizing, restructuring & constraining other spending programs; & (c) more revenues -- hopefully through a reformed tax system; This will take bipartisan cooperation & compromise; & The time for action is now! Tables.
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