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Article #2993

Re: Under GOP's Bush USA debt has surged from $20 Trillion to $46 Trillion

#2993
From: arminius
Date: Thu, 29 Jun 2006 23:04
126 lines
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"George Washington Admirer" <GeorgeWashingtonAdmirer@adelphia.net> wrote in
message news:s5ydnfGCa-DuqTnZnZ2dnUVZ_s2dnZ2d@adelphia.com...
> Excerpt - full transcript follows:
>
> "DAVID WALKER, UNITED STATES COMPTROLLER GENERAL: Well, many people
> know that we have a serious financial problem. But they don't realize
> how serious. We have gone from $20 trillion in total liabilities and
> unfunded commitments five years ago $46 trillion.
>
> "DOBBS: Can you say that again?
>
> "WALKER: From 20 trillion to 46 trillion in five years and it is going
> up every second of every minute of every day because we're still
> running debts at or near record rates. Demographics are working against
> us. Interest costs are compounding against us because we're a debtor,
> not an investor."
>
> --------------------------------------------------
>
> LOU DOBBS TONIGHT
> June 28, 2006
> http://transcripts.cnn.com/TRANSCRIPTS/0606/28/ldt.01.html
> linked from www.AmericanPatrol.com
>
> Turning now to our illegal immigration crisis, our border security
> crisis, the government accountability office this month sent an
> astonishing reports to the United States Senate, exposing the lack of
> immigration enforcement in the workplace.
>
> The GAO determined that workplace enforcement is a low priority for the
> government. The agency found that in 1999, the INS devoted only 240
> agents to work side enforcement. That was then about 9 percent of their
> staff. Shockingly, seven years later, only 100 agents, just 4 percent,
> are tasked to address the issue.
>
> With reports like these, the Government Accountability Office aims to
> improve federal programs, ensure that government work and accurately
> represents the will of the American people. David Walker heads the GAO,
> as comptroller general of the United States and joins us here tonight.
> Good to have you with us.
>
> DAVID WALKER, UNITED STATES COMPTROLLER GENERAL: Good to be with you
> Lou.
>
> DOBBS: This is an astonishing report. To lay out this fact, what is
> your reaction? You have got a pulse, you have concerns like any citizen
> as well as your role. How do you explain this?
>
> WALKER: We have a serious problem with illegal immigration. The fact of
> the matter is we are not enforcing existing laws adequately. We are not
> dedicating enough resources to it. We're not leveraging technology
> enough. And as a result, we have a lot of situations where people who
> are not legal are able to gain employment and that is serving to draw
> more people in to the United States because of the economic
> implications.
>
> DOBBS: Your office also released a report in March stating that the
> immigration benefit fraud is a very serious problem in the country. Do
> you believe the U.S. citizenship and immigration services is capable of
> administering a so-called guest worker amnesty program of any sort, of
> the scale being discussed.
>
> WALKER: They'll have to impose a lot more controls, leverage technology
> at a lot greater extent and we'll have to use a lot tougher enforcement
> mechanisms if we want any system to work. We were supposed to have
> tough enforcement after the last reform act in 1986 but haven't had it.
>
> DOBBS: The idea that border security is an issue, almost five years
> after September 11, the Department of Homeland Security, I have to tell
> you, honestly, millions of Americans, I wonder, how can we call it a
> Homeland Security Department when we're not securing our ports, not
> securing our borders.
>
> WALKER: It is a huge undertaking. There is no question that we are
> going to need more resources in the form of human resources, financial
> resources. We'll need to also use technology to a greater extent. But
> we're going to have to have enforcement as a key part, especially on
> immigration. You and I can walk around any city in this country today
> and there are places where you can go every day and see illegals
> congregate and yet nothing is being done about it.
>
> DOBBS: Let's go to some other issues that sometimes I think many don't
> associate with your office and your role in the federal government.
> Looking at the federal debt, the national debt, the trade debt. We're
> talking trillions of dollars, unfunded liabilities, for Social
> Security, for Medicare, for Medicaid. What in the world does Congress
> say when you tell them, folks, this is no way to run a government?
>
> WALKER: Well, many people know that we have a serious financial
> problem. But they don't realize how serious. We have gone from $20
> trillion in total liabilities and unfunded commitments five years ago
> $46 trillion.
>
> DOBBS: Can you say that again?
>
> WALKER: From 20 trillion to 46 trillion in five years and it is going
> up every second of every minute of every day because we're still
> running debts at or near record rates. Demographics are working against
> us. Interest costs are compounding against us because we're a debtor,
> not an investor.
>
> DOBBS: Is there, I won't say it that way. Are there any number of
> senators in Congress who are actually paying attention to what you and
> your office and your great staff are doing? Are they responding in any
> way?
>
> WALKER: Well, more people are paying attention now. Congressman Wolf
> recently proposed that there be a bipartisan tax and entitlement reform
> commission to try to jump start this effort. We clearly need to do
> something. We need to do it soon because time is working against us.
>
> DOBBS: Dave Walker, controller general of the United States, good to
> have you here.
>
> WALKER: Good to see you Lou.
>
> DOBBS: Thank you for the good work you and your people do in the
> federal government. We don't often get to say that.
>
> WALKER: Thank you very much.
> -- 
Ah hell, it's just money.

Hank
>
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From: "arminius" <richard norton@cybertrails.com>
Newsgroups: sci.econ,alt.politics.economics,alt.society.conservatism,fl.politics,nyc.politics
References: <s5ydnfGCa-DuqTnZnZ2dnUVZ_s2dnZ2d@adelphia.com>
Subject: Re: Under GOP's Bush USA debt has surged from $20 Trillion to $46 Trillion
Date: Thu, 29 Jun 2006 16:04:56 -0700
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