Political Quotes

“David Walker, President and CEO of the Peter G. Peterson Foundation, former Comptroller General of the United States, has long advocated a special process to get our Nation's fiscal house in order. Mr. Walker has testified: Clearly escalating Federal deficits and debt levels, combined with our growing dependency on foreign lenders and the deepening Federal financial hole, represents challenges that must be addressed. A commission could make recommendations in connection with needed statutory budget control, social insurance program reforms, tax reform, additional health care reforms, and other appropriate areas. Importantly-- This is the most important thing-- everything must be on the table with the commission to be credible and to have a real chance of success. Recently, Mr. Walker released a book entitled ``Comeback America: Turning the Country Around and Restoring Fiscal Responsibility.'' In his book, Mr. Walker explains the nature of the crisis and why we must act now. Rather than describe all of the frightening statistics myself, and many people have heard those statistics, I would recommend this book to my colleagues if they have any doubts about the seriousness of this fiscal crisis facing our Nation. Of course, throughout the debate on their amendment, Senators--and I heard them earlier today--Conrad and Gregg have described the dire fiscal future our Nation faces without action.…”