We're on an imprudent, unsustainable fiscal path, ... The status quo is not an option and we're not going to grow our way out of this problem and the sooner we get started the better.
More Quotes from David Walker:
I think in the run game, we'll be fine and I think we'll be able to have some success with it -- we really need to, in order to help the passing game out,David Walker
On the path that we're headed on today, either there have to be dramatic changes in entitlement programs and other federal spending, or dramatic tax increases to close the fiscal gap.
David Walker
Continuing on this unsustainable path will gradually erode, if not suddenly damage, our economy, our standard of living, and ultimately our national security.
David Walker
Part of the problem is that when Congress considers legislation, and the administration proposes it, they only consider a one-year, five-year, or maybe 10-year time horizon.
David Walker
Many non-homeland-security missions are likely to be integrated into a Cabinet department overwhelmingly dedicated to protecting the nation from terrorism, ... Congress may wish to consider whether the new department, as proposed, will dedicate sufficient management capacity and accountability to ensure the execution of non-homeland-security missions.
David Walker
We're going to have to restructure Social Security and Medicare. And, frankly, Social Security will be a lot easier than Medicare. If there's one thing that could bankrupt America, it's health care. And it's out of control.
David Walker
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