Article View: sci.econ
Article #2993Re: Under GOP's Bush USA debt has surged from $20 Trillion to $46 Trillion
From: arminius
Date: Thu, 29 Jun 2006 23:04
Date: Thu, 29 Jun 2006 23:04
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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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