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Bass, Scott A.
Provost

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On Campus

Speak Out, Don't Freak Out Offers Solutions to "Fiscal Cliff"

David Walker

David Walker addresses the financial burden resulting from spending that rolls over every year on auto pilot.

David M. Walker, former U.S. Comptroller General, led a discussion on campus about the nation's deficit at the end of a nationwide bus tour aiming to help voters understand that the U.S. could face a fiscal cliff in January 2013.

The tour is hosted by the Comeback America Initiative (CAI) led by Walker. CAI has also developed a U.S. Financial Burden Barometer (Burden Barometer) to supplement the "National Debt Clock." The Burden Barometer is a far more accurate measure of our financial situation, since it includes both total liabilities and unfunded promises (e.g., Social Security and Medicare).

"We are living in a bubble right now, and we need to make sure that bubble does not burst," Walker described during his talk.

Watch video of the event