Tag Archive: Gov’t Spending Has ‘Lost Touch with Reality’

True National Debt $65T, Gov’t Spending Has ‘Lost Touch with Reality’

True National Debt $65T, Gov’t Spending Has ‘Lost Touch with Reality’ by John Hayward In a radio interview airing on Sunday, former U.S. Comptroller General and chief of the Government Accountability Office Dave Walker asserted that America’s national debt is over three times the official figure, which dramatically understates the government’s financial commitments. Walker told host John Catsimatidis of AM-970 in New York, as related by The Hill: If you end up adding to that $18.5 trillion the unfunded civilian and military pensions and retiree healthcare, the additional underfunding for Social Security, the additional underfunding for Medicare, various commitments and… View Article