You’re probably expecting to hear from someone who disagrees with the comptroller general’s numbers, projections, and analysis. But hardly anyone does. He is accompanied on the wake-up tour by economists from the conservative Heritage Foundation, the left-leaning Brookings Institution, and the non-partisan Concord Coalition. The only dissenters seem to be a small minority of economists who believe either that the U.S. can grow its way out of the problem, or that Walker is over-stating it.Yes, so nearly no one disagrees with Walker -- not the far-right Heritage Foundation, Fed head Bernanke, or GOP Sen. Conrad. But lo and behold, you can always count on the wonderful folks from that stalwart beacon of serious journalism, the Wall Street Journal editorial page, to defend the indefensible and reject that which all others have embraced. Hell, I find Star to be much more credible.
"The Wall Street Journal for example calls you 'Chicken Little,' running around saying that the 'sky is falling, the sky is falling,'" Kroft remarks.
"Unfortunately they don't get it. I don't know anybody who has done their homework, has researched history, and who's good at math who would tell you that we can grow our way out of this problem," Walker replies.
Federal Reserve Chairman Ben Bernanke validated much of Walker's take on the situation at congressional hearings this year, and so did ranking Republicans and Democrats on the Senate Budget Committee. Senator Kent Conrad of North Dakota is the Chairman.
Sen. Conrad thinks David Walker is "providing an enormous public service."
Monday, March 05, 2007
Tonight 60 Minutes aired a truly frightening story about the looming fiscal disaster concerning our healthcare system. A revealing segment:
Posted by Grey Matter at 12:11 AM